International investment and financial planning firm, Blacktower Financial Management Group, announces the launch of its offering in Panama. Gibraltar, 10th October 2022 Blacktower Financial Management Group, providers of individual and corporate financial planning, has today announced that they are now licensed to offer their bespoke services in Panama. This follows the recent acquisition of a […]
Recent years have seen a dramatic increase in the number of American Expats looking to emigrate to Europe, with Portugal, Spain, Italy and Greece proving to be the most popular destinations. With its beautiful and varied landscape, amazing food and fantastic culture, mainland Europe has always been a popular location for expats from the UK, […]
Buying a house anywhere is a complicated and demanding process; choosing a location, property type and style are just some of the many things that need to be considered when purchasing a house or flat. This difficulty can be exacerbated when buying a property abroad – the combination of restricted access to the location and […]
Senator Patty Murray, the ranking minority member on the Senate Health, Education, Labor and Pensions (HELP) Committee, has introduced a bill that would require pension plan sponsors to equip all participant retirement savers with the "critical information" they need regarding lump-sum buyouts.
Murray's INFORM Act (Information Needed for Financial Options Risk Mitigation) would oblige sponsors to provide members with full information regarding mortality assumptions, interest rates and any additional benefits before proceeding with a lump-sum buyout.
Wealth and wellness are inextricably linked, but too often they are seen as separate entities and, in many cases, this can lead to individuals sacrificing their basic financial wellness needs in the workplace in the misguided belief that it will somehow lead to future reward.
The truth, however, is that caring about your holistic wellness, including your financial wellness in the workplace, should be an important part of your lifestyle.
The most recent Bank of America Workplace Benefits Report* describes a nation that still has some way to go when it comes to feeling confident about their long-term financial journeys. Of those surveyed by Bank of America, slightly more than half of employees rated their financial wellness as "good" or "excellent," with 29% rating their wellness as "average" and 16% rating their situation as "poor" or "fair."
Coronavirus has already had a profound impact on the global economy, with both the S&P 500 and the Dow Jones experiencing dramatic falls during the last week of February, leading to concerns that the pandemic could herald unprecedented levels of economic collapse.
However, following a week in which the S&P 500 lost 11.5% of its value and the Dow fell by 3,583 points, the S&P then rose by around 3% and the Dow recovered 750 points. *
To those with historical perspective, these rebounds are not unexpected: figures show that in the three months following a 10% fall, the S&P 500 averages a 5.6% rise, while the Dow exhibits similar ‘bouncebackability'. *
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