Last week, the Bank of England threw the kitchen sink at the UK financial system in an attempt to stave off any Brexit related economic turbulence by cutting the bank rate by 0.25% and unleashing a wave of new QE as well as lending programs. After hearing the news, 10-year gilt yields immediately fell to new time lows, the pound weakened, and risky GDP denominated assets inched higher. The most part, the market had been pricing in the rate cut since the end of June, and the price action in the gilt market was relatively expected. The Challenges Pensions Face:…
The UK's Post-Brexit Pension Crisis Is Getting Worse
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk