Latest News and Articles

Costs of living in retirement increase

20 May 2024
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Savers need to build up more funds if they want to secure a decent standard of living in retirement.  An independent pensions body has updated its calculations on how much money people need to fund a basic, moderate or comfortable lifestyle in retirement. Rising food and energy costs, plus the fact more people want to…

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Weekly Market Update – 17/05/24

17 May 2024
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The old stock market adage “sell in May and go away” would so far have proved to be a costly strategy this year, with major global market indices registering another week of solid gains.    Investors cheered the US inflation print on Wednesday, with US stocks closing at record highs after the data showed inflation…

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The renewed case for ISAs

14 May 2024
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  Improved terms, together with the erosion of tax allowances elsewhere, are making ISAs a favourable option for the new tax year.   Since their launch, successive Chancellors have made revisions to Individual Savings Accounts (ISAs). Before his Budget proposal of an extra £5,000 for a ‘UK ISA’, the current Chancellor made arguably his biggest…

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Weekly Market Update – 10/05/24

10 May 2024
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It was a positive week in global financial markets, with all of the major indices making headway. US futures pointed to more gains on Friday, leaving the S&P 500 index on course for a third consecutive weekly rise. The rally was given fresh impetus yesterday by data that supported the case for Federal Reserve interest…

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Weekly Market Update – 03/05/24

03 May 2024
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The UK headed to the polls this week for a variety of local elections, where the Conservatives have suffered, losing councillors at a much higher rate than their worst predictions. Although Labour has gained by winning a number of marginal areas such as Hartlepool and Redditch, they have lost out on some votes to the…

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Weekly Market Update – Week Ending 26/04/24

26 Apr 2024
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British households will breathe a sigh of relief this week as data from research company Kantar indicated an easing in grocery price inflation, falling to a 30-month low of 3.2% in the four-weeks to mid-April. This was down from 4.5% the previous month, the lowest it has been since November 2021. However, this does mean…

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MHA Caves Wealth Quarterly – Spring 2024 Newsletter

19 Apr 2024
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Welcome to the latest edition of Caves Quarterly, where we review key market and financial news from the last few months, and look ahead to the future. In this edition, we explore the main takeaways from the Spring Budget, as well as the probable lowering of interest rates in 2024 and potential effects on your…

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Weekly Market Update – Week Ending 12/04/24

12 Apr 2024
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It was announced this week that the UK economy grew for the second month in a row in February. Gross domestic product (GDP) rose 0.1% in the month, causing optimism that the UK’s technical recession may be coming to an end. Although we have now seen two consecutive months of increases, GDP still remains below…

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Weekly Market Update – Week Ending 05/04/24

05 Apr 2024
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UK shop price inflation released this week provided an early indication of the direction of travel for the March inflation figure due to be released later this month. Shop price inflation fell to its lowest figure since December 2021 to 1.3%, indicating that the huge price increases seen over the last 2 years may finally…

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Weekly Market Update – Week Ending 22/03/24

22 Mar 2024
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A woman looks over mountains with MHA Caves Wealth logo across the bottom

It was a strong week for financial markets with investors cheering central bank interest rate decisions. On Wednesday, the Federal Reserve (Fed) held US interest rates at the range of 5.25%-5.5%. The move was widely expected, but what pleased the market was that Fed officials are still forecasting three rate cuts for this year. There…

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