Date: July 24, 2017
Increased hawkishness from the ECB has helped the euro rally from lows last seen near the start of the millennium, with investors expecting tapering to start in the new year and pricing in a 10-basis point rate hike by September 2018. In the US, politics are again at the forefront, with reports that US special counsel Robert Mueller is expanding his investigation of Trump less than a day after the president told the New York Times that any digging into his finances would cross a red line.
Date: July 17, 2017
Fedspeak took center stage this week as Fed Chair, Janet Yellen emphasised the Fed’s narrative that the economy is healthy enough to withstand further rate increases and the process of balance sheet reduction is expected to begin this year.
Date: July 10, 2017
The hawkish tone from developed-nation central banks continued to roil financial markets, with U.S. stocks falling the most in seven weeks, Treasury yields rising to levels last seen in May and crude settling below $46 a barrel.
Date: July 3, 2017
Volatility is making a comeback, though still low by historical standards, as the debate on normalizing central bank policy intensifies after nine years of unprecedented stimulus. That suggests some investors are growing concerned about the economy’s ability to withstand a tightening cycle, even as data remains supportive.
Date: June 26, 2017
Changes to the benefits system since 2010, has mainly meant cuts with more to come. Between 2010-2015 there was a large scale change meaning £23 billion in cuts.
Frenkel Topping Welfare Benefits and Personal Injury Trusts Manager, Tracey Atkinson provides an invaluable update on Welfare Benefits and changes to entitlement and allowances.
Date: June 26, 2017
Weakness in energy prices were the theme of the week, with oil in New York and London dropping into a bear market on concerns that expanding supply in the U.S. and Libya will counter output cuts from the OPEC. This led energy stocks and the main indices lower, which were just bolstered by a rebound in tech shares. With little in the way of economic data, Fed speeches took centre stage, as markets continue to expect a September pause and a December interest rate hike.
Date: June 19, 2017
Soft economic data in the US and UK spurred concerns over economic fundamentals, however, this did not impact the central bank decisions. Fed raised interest rates for the second time in 2017, even after inflation pressures remain subdued. The BOJ kept rates unchanged amid worries of rising inflation and absence of a corresponding wage growth. The BOJ and the SNB also kept rates unchanged.
Date: June 14, 2017
Following the 'shock' announcement about the discount rate, effective from 20th March 2017, when Liz Truss, the then Lord Chancellor reduced the rate from 2.5% to -0.75% there have been many developments, not least of which her replacement as LC by David Lidington. The attached article will tell you a little more about the man responsible for publishing the governments findings following the latest consultation.
Date: June 12, 2017
Markets have reacted with relative calm to the UK election resulting in a hung parliament.
Date: June 5, 2017
The British pound was the stand-out mover amid muted moves in many markets, weakening on the prospect of a hung parliament in next week’s UK election and handing a boost to stocks.
Date: May 30, 2017
Oil remained below $50 with WTI crude at $49.11, as OPEC agrees on extension of output cuts by member and non-member nations.
Date: May 26, 2017
Andrew Ritchie QC and Ed Lamb, 9 Gough Square, enlighten the audience at Deputy Day with their presentation on Supported Capacity. Whilst a light hearted delivery keeps the delegates enthralled the information is particularly pertinent and the presentation can be downloaded here. Andrew Ritchie QC's presentation now available for download
Date: May 22, 2017
Growing concerns over the turmoil engulfing President Donald Trump’s administration weighed on risk appetite, as investors rush towards havens. Gold rebounded following Trump’s firing of FBI Director James Comey a week ago, as well as reports he shared intelligence with Russian officials. In the latest twist, Trump is said to have asked Comey in February to drop an investigation into a former national security adviser, raising questions he may have obstructed justice. The administration’s problems are seen as taking its focus away from policies to aid growth, hurting the US currency.
Date: May 16, 2017
Tracey Atkinson, Head of Welfare Benefits and Trusts Team, Frenkel Topping, delivers an invaluable update at the annual 'Deputy Day' conference on recent changes to Welfare Benefits which could have an impact on all claimants eligibility. To read her presentation download here.
Date: May 16, 2017
Alan Eccles, The Public Guardian delivers a superb update at Deputy Day on changes within the OPG. He discusses new procedures and processes that have been implemented and updates the 'Deputies' on further developments to be expected over the next 12 months and offers an opportunity to contribute to a 'Beta' application. Read his presentation by downloading here.
Date: May 16, 2017
Andrew Ritchie QC and Ed Lamb, 9 Gough Square, enlighten the audience at Deputy Day with their presentation on Supported Capacity. Whilst a light hearted delivery keeps the delegates enthralled the information is particularly pertinent and the presentation can be downloaded here.
Date: May 16, 2017
Julie Cattell opens the 11th Annual Deputy Day Conference with an insightful look into funding care for the elderly. Download her presentation here.
Date: May 15, 2017
Populist concern over Europe wanes with the victory of centrist candidate Macron in Sunday’s French Presidential election.
Date: May 15, 2017
On Thursday 11th May 2017 Frenkel Topping hosted the 11th annual 'Deputy Day' entitled "In Best Interests" at 30 Euston Square, London. The day was fully subscribed and we had a record number of delegates attend. The feedback forms have been collected and the overall message is that the day was "a resounding success" with speakers and participants delivering some pertinent updates and developments in the "Vulnerable Client Space". All of the presentations have been collated and are available for download here.
Date: May 8, 2017
U.S. nonfarm payrolls surged by 211,000 jobs last month after a paltry gain of 79,000 in March, and unemployment rate dropped to 4.4 %, near a 10-year low. Labour market continued to strengthen even as growth slowed.
Date: May 2, 2017
President Trump approaches 100th day in office as the administration tries to revive major campaign promises and attempts to achieve solid developments ahead of the day. Tensions with North Korea remain.
Date: April 24, 2017
Investor sentiment remained relatively upbeat on constructive economic data, positive earnings reports and hopes for near-term pro-growth policies with the latest announcement being information on massive US tax cuts to be released next week.
Date: April 18, 2017
Geo political concerns rose, with President Trump said to have offered to ease friction over US-China trade in exchange for help dealing with North Korea. US dropped a non-nuclear bomb in combat on ISIS positions in Afghanistan. US Russia relations continued to worsen on Syria attack issues.
Date: April 10, 2017
Caution spread across financial markets as US jobs data disappointed and geopolitical angst intensified after the first military strike undertaken by President Donald Trump’s administration.
Date: April 6, 2017
Based on these proposals, an individual aged 25 today can expect to receive a state pension at age 70, an individual aged 35 it is likely to be 69 and an individual aged 45 it will be age 68.
Date: April 4, 2017
Bad news can strike at any time; our clients know that more than most.
When looking at financial planning, investments get all the headlines; however, protecting your family’s financial future is paramount and should be prioritised, like the saying goes “protect before you invest”.
Date: April 3, 2017
The key highlight of the week was the triggering of Article 50 by UK Government. Focus now shifts to whether the UK will be able to pursue divorce talks and trade talks in parallel.
Date: March 27, 2017
GOP pulls the healthcare bill vote as it anticipated lack of votes. It drew much of markets attention as investors viewed it keenly as a key for reflation trade.
Date: March 20, 2017
The Fed raised its benchmark lending rate a quarter point without accelerating the timetable for future hikes. The outlook was less hawkish than market participants foresaw. Global equities were on course for the best week since January, even though the initial rally lost some of its momentum.
Date: March 17, 2017
Following the recent and unexpected slash in the discount rate, we have been asked by many of our introducing firms to provide specialised training on the subject matter to fee earners. This has been mirrored by professional organisations requesting the same. Therefore I have written a new training module which covers all aspects of the implications of the discount rate shift. See attached PDF for content.
Date: March 13, 2017
Frenkel Topping Limited cordially invites you to a seminar on ‘Avoiding Professional Negligence & Maximising a Claimant’s Schedule & Income’ - The first of many road shows will take place in Liverpool on 4th April 2017
Date: March 13, 2017
The increasing possibility of a Fed rate hike this week continued to dominate markets with further support coming from a strong US jobs report on Friday.
Date: March 6, 2017
The most awaited President Trump’s address to Congress, like earlier instances, turned out to be low on policy detail. He set out his main areas of policy focus but left for later the details of what specific measures he wants to take, how they will be funded, and when they will be implemented.
Date: February 27, 2017
The wait is finally over as the Lord Chancellor, Elizabeth Truss announces reduction in the ‘Discount Rate’ to -0.75%.
Date: February 27, 2017
Amid looming trade war concerns with the US, Chinese economy is slowing, domestic real estate is becoming increasingly unaffordable and the yuan is depreciating. While attempting to minimize yuan depreciation, China’s foreign currency reserves fell for a seventh straight month in January to $3 trillion, the lowest in almost six years. The government is making persistent efforts, as it acknowledges a rapid slowdown in growth could create social and political instability. China is now prioritizing growth over economic and structural reform as its key objective. The further expansion of credit is expected to ensure the economy’s growth target of 6.5% to 7% is achieved in 2017.
Date: February 20, 2017
It was a strong week in equity markets which rose 1.1% reaching record highs mid-week. This optimism was spurred on by hard data showing retail sales, as well as consumer and producer inflation metrics surprising to the upside.
Date: February 13, 2017
The week saw various currencies move based on political developments. USD ended a 6-week losing streak. We remain positive on the USD. GBP is facing a double whammy of economic and political environment, as UK edges closer to triggering Brexit negotiations with the EU next month. The euro weakened over Europe's upcoming election concerns.
Date: February 1, 2017
Due to the huge success of previous years' Deputy Days and by popular demand, Frenkel Topping will host the industry leading Deputy Day on Thursday 11th May 2017. Full details are available here.
Date: January 30, 2017
Executive orders of President Trump grabbed the markets attention throughout the week with the major highlight being memoranda reviving construction of the Keystone XL and Dakota Access pipelines and withdrawing from Nafta. USD is again down this week. US Equities showed positive performance and the 10-year Treasury yield fell below 2.5 %. Oil traded around $52 a barrel, Gold headed for its longest slump in 3 months closing at $1,189.60 an ounce.
Date: January 30, 2017
In the last 6 months alone we have identified an additional £406,000 in welfare benefits for our clients.
Date: January 23, 2017
The week’s major events were Donald Trump’s inauguration ceremony, and the World Economic Forum at Davos. USD, GBP remained volatile as Theresa May delivered her long expected address on her Brexit strategy. US futures climbed with the USD and bonds fell as investors awaited the start of Donald Trump’s presidency.
Date: January 17, 2017
Alison Taylor, a highly experienced Advisor and Business Development Consultant at Frenkel Topping explains methods of avoiding professional negligence claims and maximising quantum. An article published in the 'Personal Injury Law Journal'
Date: January 13, 2017
Volatile USD closed the week with a 0.8% fall, marking the third consecutive week of decline. Stocks globally advanced, particularly the FTSE 100 Index, which completed 14 straight daily gains.
Date: January 3, 2017
As we approach 2017, I thought it may be helpful to offer an insight into our investment outlook. Our goals for the Safety First portfolios remain unchanged; to achieve above inflation and volatility risk adjusted returns, to preserve our clients’ capital, to achieve low volatility, and to deliver these returns on a low cost basis.
Date: January 3, 2017
It has been a year of the unexpected, a volatile year for the markets. Most of the time market predictions were wrong; stoking short term reactions. We have, throughout the year, maintained our Safety First approach.
Date: January 3, 2017
The Federal Reserve raised interest rates by 25 basis points. This was as expected, but the Fed’s projection of three rate hikes in 2017 came as a surprise. The move led to USD rally, bond yields surged while stocks retreated.
Date: December 16, 2016
Global markets were calmer with stocks and USD on the rise. Oil closed at $51.5 a barrel amid growing support from both OPEC and non OPEC countries to curb output.
Date: December 7, 2016
Entering later life together with the possibility of requiring future care may, to some people, seem a worrying prospect
Date: December 7, 2016
Crude prices jumped to the six-week high after OPEC agreed on a deal to cut production, which pushed US crude prices past $50 a barrel.
Date: November 28, 2016
Equity markets have been relatively muted, posting small gains over the week due to the impact of the Donald Trump victory in the US elections. However, there were more significant movements in both the bond market and the currency market as the dollar continued to strengthen and bonds continued to sell off.
Date: November 21, 2016
Global markets have digested Trump's win. The equity market's initial bearish reaction was swift but short lived. The bond rout proved more lasting.
Date: November 15, 2016
Donald Trump won the US Presidential election to become the 45th president of the United States. Republicans gained control of both houses of Congress.
Date: November 9, 2016
Our cash flow modelling tool helps our advisers to assess and gain understanding of our clients' financial planning needs and helps them plan for their future.
Date: November 8, 2016
Uncertainty continues as the race for the white house is too close to call.
Date: November 4, 2016
We consider it safe to hold all FTIM client portfolio assets in cash ahead of the US election on Tuesday.
Date: October 31, 2016
Pension contributions and the calculations that are made for the loss of pension benefits have a direct link to earnings of the claimant.
Date: October 31, 2016
$ on the rise, positive data from around the world, specifically better than expected GDP figures from the US and UK.
Date: October 28, 2016
The team at Frenkel Topping's Manchester head office today took part in our very own Bake Off with the proceeds from the sale of our bakes being donated to the Frenkel Topping Charitable Foundation.
Date: October 26, 2016
The ONS have this morning, Wednesday 26th October 2016, released the provisional data set for ASHE 6145 & 6146 (6115 equivalent) Mark Holt, Commercial Director comments on the results.
Date: October 24, 2016
Dollar index has reached the highest level since March as strong data further boosted the expectation of Fed rate hike this year.
Date: October 20, 2016
Despite the Pension Regulator issuing fixed penalties of £344,000 between April and June 2016, firms are still continuing to breach Auto Enrolment rules.
Date: October 19, 2016
The primary concern of our investment process is the maintenance of the volatility caps placed on each of our Safety First portfolios.
Date: October 17, 2016
As care plans for the vulnerable often require a specialist approach to meet expectations, why should wealth management planning be any different, asks Richard Fraser, CEO, Frenkel Topping
Date: October 13, 2016
If you have been in an involved accident or sustained injuries caused by medical negligence, it is imperative that you receive the correct advice regarding any benefits that you may be entitled to.
Event date: October 28, 2016
The team at Frenkel Topping's Manchester head office today took part in our very own Bake Off with the proceeds from the sale of our bakes being donated to the Frenkel Topping Charitable Foundation.
Event date: July 1, 2016
AvMA’s ACNC aims to brings the clinical negligence community together.
Event date: June 30, 2016
The reception at the Alfresco Bar, Brighton Beach, starts at 6.30pm and offers our guests a complimentary bar and hot fork buffet.
Event date: June 29, 2016
Frenkel Topping consultants will be there to showcase our new Investment Management.
Event date: June 22, 2016
Frenkel Topping is delighted to sponsor the Brain Injury Social Work Group (BISWIG) conference in Manchester on the 22 June 2016.
Event date: June 15, 2016
BABICM holds its 2016 Summer Conference and 20th Birthday Celebrations.
Event date: June 13, 2016
FT is sponsoring Bush & Company Rehabilitation's Annual Conference on the 13 June.
Event date: May 12, 2016
Save the date! Our headline annual Deputy Day Conference will be held on 12 May 2016 in London. The event will focus on the wellbeing of vulnerable individuals.