Chancellor’s Autumn Statement 5th December 2013 – Summary of Key Points

sbg logo 11The Chancellor has delivered his Autumn Statement today.

We have compiled a quick draft summary for your convenience.

To read our summary please click on this link

Posted in Autumn Statement, Economic Reports and Forecasts, Economics, Economics Central Bank and Treasury, Independent Financial Advice | Tagged , , , , ,

Gold Market Price Benchmark Setting under investigation

S e w e l l B r y d e n G u n n

It has been reported by Bloomberg and in MoneyMarketing that the Financial Conduct Authority (FCA) in the UK is undertaking a review of the way gold price benchmark setting is carried out as part of a wider investigation into global rates. As summarised in our Technical Pages, London Gold Fixing is set twice per day at 10:30am and 3pm by a group of five banks. 

It is not clear yet whether there is anything specific that the FCA is looking for, although it is reported that this historic and traditional custom of setting the daily prevailing market price for Gold appears to have worked well for many years without any of the particular problems which have recently plagued the banks such as the LIBOR rigging scandals. Nevertheless, it is expected in some quarters that the regulator is looking at whether such a situation could ever arise under the current system and whether a different more robust approach to price setting and control is needed.

If a more automatic system of computerised average price setting is to be considered as a preferred option, then no doubt there will need to be a full analysis carried out to determine the impact on speculative market pricing and the market as a whole if such computerised algorhythmic benchmarking were to be introduced.  

London Gold Benchmark Pricing Technical Matters…

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201311261404¦abai¦apd1113

Posted in Chartered Financial Planner, Economics, Independent Financial Advice, Markets, News

Market Numbers: 7 Days to Friday 22nd November 2013

S e w e l l B r y d e n G u n n Market Numbers: Over The Past Week: Snapshot View of the Markets: Below are closing numbers as at Friday 22nd November 2013.

For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6674.30       -0.29%    on the week

FTSE All Share                     3549.37       -0.32%    on the week

Brent Crude $ per barrel       111.05        2.35%     on the week

Natural Gas NYMEX:NG         3.768         2.95%      on the week

Natural Gas NYMEX:NG 1yr   4.10         1.06%      on the week

Natural Gas NYMEX:NG 10yr 5.453         0.00%      on the week

Gold $ per troy ounce pmL  1246.25         -3.19%     on the week

Silver $ per troy ounce pmL     19.93        -3.42%     on the week

Copper US$ per tonne lme3     7064.50       1.29%     on the week   (LME 3 months)

Wheat Futures CBOT              649.50          0.78%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne             922.50         -0.54%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.25  since 07/11/2013 (previously 0.50 since 02/05/2013)

US Libor %                            0.10280   last week : 0.10490

Euro Libor %                         0.06429   last week : 0.05000

GBP Libor %                         0.46750  last week : 0.46750

Euro Euribor 3 mnths %     0.22   last week : 0.22

Sterling CDs 3 mnths %       0.50  last week : 0.48

RONIA  %                            0.4165  l wk : 0.4287 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4301  l wk : 0.4322 (Sterling Overnight Index Ave Rate)

HFRX                                    1210.26           0.001%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               354.55           0.01% on the week    xd

Sainsbury                               404.60           -1.08% on the week

BT  [}{]                                   376.10            -0.97% on the week

BP  [}{]                                   493.45             1.10% on the week  xd

Rexam                                    487.00             -3.47% on the week

ARM Holdings  [}{]              £9.91                 4.98% on the week

HSBC  [}{]                              686.30            -0.10% on the week   xd

RBS  [}{]                                 330.10              0.03% on the week

RMG:LSE (330 launch)       539.00            -3.75% on the week

Standard Life                         350.50             3.18% on the week

WPP                                       £13.71               0.96% on the week  

10 Year Government Bond (Gilt) Price     £95.38      Yield    2.79%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    3.17%

One Pound will buy 1.6187 US Dollars

One Pound will buy 1.1968 Euros

CPI Inflation stands at 2.2% as at Oct 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.0% as at Oct 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):  2.6% – Oct 2013  No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula:  1.9% as at Oct 2013

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

pmL Metal and Precious Metal Pricing used in Market Numbers 

lme3  – London Metal Exchange 3 months

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201310261500¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement

Market Numbers: 7 Days to Friday 15th November 2013

S e w e l l B r y d e n G u n n Market Numbers: Over The Past Week: Snapshot View of the Markets: Below are closing numbers as at Friday 15th November 2013.

For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6693.44       -0.22%    on the week

FTSE All Share                     3560.76       -0.27%    on the week

Brent Crude $ per barrel       108.50        3.22%     on the week

Natural Gas NYMEX:NG         3.660         2.84%      on the week

Natural Gas NYMEX:NG 1yr   4.057         3.31%      on the week

Natural Gas NYMEX:NG 10yr 5.453         -6.34%      on the week

Gold $ per troy ounce pmL  1287.25         0.14%     on the week

Silver $ per troy ounce pmL     20.635        -4.91%     on the week

Copper US$ per tonne lme3     6974.50       -2.11%     on the week   (LME 3 months)

Wheat Futures CBOT              644.50          -0.81%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne             927.50         3.06%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.25  since 07/11/2013 (previously 0.50 since 02/05/2013)

US Libor %                            0.10490   last week : 0.10210

Euro Libor %                         0.05000   last week : 0.04857

GBP Libor %                         0.46750  last week : 0.46750

Euro Euribor 3 mnths %     0.22   last week : 0.22

Sterling CDs 3 mnths %       0.48  last week : 0.48

RONIA  %                            0.4287  l wk : 0.4201 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4322  l wk : 0.4249 (Sterling Overnight Index Ave Rate)

HFRX                                    1210.20           0.05%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               354.50           -3.16% on the week    xd

Sainsbury                               409.00           3.54% on the week

BT  [}{]                                   379.80            2.07% on the week

BP  [}{]                                   488.10             2.19% on the week  xd

Rexam                                    504.50             -4.00% on the week

ARM Holdings  [}{]              £9.44                 0.32% on the week

HSBC  [}{]                              687.00            -1.21% on the week   xd

RBS  [}{]                                 330.10              2.33% on the week

RMG:LSE (330 launch)       560.00            -1.58% on the week

Standard Life                         339.70             -2.27% on the week

WPP                                       £13.58               -0.66% on the week  

10 Year Government Bond (Gilt) Price     £95.75      Yield    2.75%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    3.17%

One Pound will buy 1.6091 US Dollars

One Pound will buy 1.1942 Euros

CPI Inflation stands at 2.2% as at Oct 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.0% as at Oct 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):  2.6% – Oct 2013  No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula:  1.9% as at Oct 2013

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

pmL Metal and Precious Metal Pricing used in Market Numbers 

lme3  – London Metal Exchange 3 months

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201310261500¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement

Market Numbers: 7 Days to Friday 8th November 2013

S e w e l l B r y d e n G u n n Market Numbers: Over The Past Week: Snapshot View of the Markets: Below are closing numbers as at Friday 8th November 2013.

For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6708.42       -0.39%    on the week

FTSE All Share                     3570.33       -0.44%    on the week

Brent Crude $ per barrel       105.12        -3.42%     on the week

Natural Gas NYMEX:NG         3.559         -0.61%      on the week

Natural Gas NYMEX:NG 1yr   3.927          0.74%      on the week

Natural Gas NYMEX:NG 10yr 5.822          -3.32%      on the week

Gold $ per troy ounce pmL  1285.50         -1.63%     on the week

Silver $ per troy ounce pmL     21.70         -0.23%     on the week

Copper US$ per tonne lme3  7125.00       -1.91%     on the week   (LME 3 months)

Wheat Futures CBOT              649.75          -2.66%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne          900.00         -4.76%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.25  since 07/11/2013 (previously 0.50 since 02/05/2013)

US Libor %                            0.10210   last week : 0.09990

Euro Libor %                         0.04857   last week : 0.05000

GBP Libor %                         0.46750  last week : 0.46875

Euro Euribor 3 mnths %     0.22   last week : 0.23

Sterling CDs 3 mnths %       0.48  last week : 0.48

RONIA  %                            0.4201  l wk : 0.3888 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4249  l wk : 0.4264 (Sterling Overnight Index Ave Rate)

HFRX                                    1209.64           -0.17%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               366.05            0.73% on the week    xd

Sainsbury                               395.00           0.28% on the week

BT  [}{]                                   372.10            -1.72% on the week

BP  [}{]                                   477.65              -1.46% on the week  xd

Rexam                                    525.50              1.55% on the week

ARM Holdings  [}{]              £9.41             -3.59% on the week

HSBC  [}{]                              695.40            1.18% on the week   xd

RBS  [}{]                                 322.50            -5.15% on the week

RMG:LSE (330 launch)       569.00            -0.87% on the week

Standard Life                         347.60             -1.00% on the week

WPP                                       £13.67               3.09% on the week   xd

10 Year Government Bond (Gilt) Price     £95.56      Yield    2.77%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    3.14%

One Pound will buy 1.5995 US Dollars

One Pound will buy 1.1982 Euros

CPI Inflation stands at 2.7% as at Sept 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.5% as at Sept 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):  3.2% – Sept 2013  No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula:  2.5% as at Sept 2013

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

pmL Metal and Precious Metal Pricing used in Market Numbers 

lme3  – London Metal Exchange 3 months

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201310261500¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement

VIEWPOINT: The Fat Cats of Fat – how do you eat yours?… plus 7 Days to Friday 1st November 2013

S e w e l l B r y d e n G u n n VIEWPOINT: The Fat Cats of Fat – how do you eat yours? And AGAIN there has been a lot of noise in the press, other media and on TV about the pledges, promises and protestations about simply how MUCH our friends in the food supply and manufacturing industry are working towards providing healthier food products, removing fat and other undesirables whilst at the same time improving “value for money” and our overall “taste experience”. Hmm! At what cost – I ask myself….and what’s wrong my current “taste experience?”

Immediately I am wondering if I have yet to discover even more products containing “mono- and di-glycerides of fatty acids” or “[genetically] modified starch” or “hydrogenated vegetable fat [food glue]” that have previously gone undetected. Yes – I admit I am a bit of an anorak when it comes to ingredients in “non-natural source” food products (those foods on our supermarket shelves that just don’t naturally exist “in the wild”). But with the food industry having already had the first push some while ago to remove the food glue (my term – no-one else’s), resulting – in my view – in some pretty sneeky price increases, can I really be blamed for asking “What’s next?”

So what will happen to prices if low cost fat additives are replaced with added value healthier alternatives?  Let’s take a look .

Well firstly, it is worth exploring exactly WHAT might replace the less desirable fats currently used in food product manufacture. My own experience tells me that some manufacturers have already moved to an appropriate alternative namely, Palm Oil.

Palm Oil has been adopted in a number of products as a better alternative to the fat products previously used. Typical products such as biscuits, bread, packaged cakes and so on come to mind but the list is not limited and in fact could span a large number of food categories.

Some may feel more affinity with crisps and chocolate, whilst those of you who (without stereotyping!) are older may prefer cakes and pastries. So depending on your lifestyle choices, you may be more or less affected.

So what is happening to Palm Oil in the marketplace? Well, quite a lot. Palm Oil is a globally traded commodity and as such trades at an ever fluctuating price per tonne for a standard contract size –  trading unit 25 tonnes.

Over the last year the price of Palm Oil has increased by nearly 19%. Last week alone closed with Palm Oil priced over 7% higher than the week before.

Given that the big suppliers are unlikely to make wild promises without having already (one summizes) secured the solution, my guess (and it is a guess) is that future food product pipelines may already be affected by impending “recipe changes” and “new improved” products.

In previous writing I have already commented on above-inflation food cost increases. This latest development together with pretty clear pricing history may indicate yet more cost increases.

Last week I discussed the notion from a Financial Planning and CashFlow Management view, that 9% may easily be a realistic figure for energy inflation over the year, with at least 60% over the next ten. Depending on your age and lifestyle, you may well find it prudent to cautiously estimate up to 10% over the next year on non – fresh food products such as those discussed here or even brazenly estimate 15 – 20% over the year if you are especially “optimistic”!  With the gradual deterioration in GBP Sterling’s purchasing power against the EU Euro and the USD Dollar over the year, this could be more.

Either way, I suspect you’ll probably take the government’s official inflation target of 2% with the proverbial pinch of salt, or whatever the “healthier option” is……

This Viewpoint by Neil A Sewell, Chartered Financial Planner, Investment Analyst & Pensions Specialist at SewellBrydenGunn. Needless to say – the views expressed here are personal!

TAKE NOTE: If you are not sure if you are putting enough aside for retirement, or even if you think you are – is important to get all this reviewed.

Any queries – please do not hesitate to contact us.

Over The Past Week: Snapshot View of the Markets: Below are closing numbers as at Friday 1st November 2013.

For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6734.74         0.20%    on the week

FTSE All Share                     3585.99        0.13%    on the week

Brent Crude $ per barrel       108.84        1.73%     on the week

Natural Gas NYMEX:NG         3.581            -1.32%      on the week

Natural Gas NYMEX:NG 1yr   3.898           -1.89%      on the week

Natural Gas NYMEX:NG 10yr 6.022          -0.07%      on the week

Gold $ per troy ounce pmL  1306.75        -3.04%     on the week

Silver $ per troy ounce pmL     21.75        -2.68%     on the week

Copper US$ per tonne lme3  7263.50       1.82%     on the week   (LME 3 months)

Wheat Futures CBOT              667.50          -4.16%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne          945.00         7.08%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.09990   last week : 0.10240

Euro Libor %                         0.05000   last week : 0.04786

GBP Libor %                         0.46875  last week : 0.46938

Euro Euribor 3 mnths %     0.23   last week : 0.23

Sterling CDs 3 mnths %       0.48  last week : 0.48

RONIA  %                            0.3888  l wk : 0.4190 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4264  l wk : 0.4330 (Sterling Overnight Index Ave Rate)

HFRX                                    1211.74           0.09%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               363.40            -1.82% on the week    xd

Sainsbury                               393.90           -0.73% on the week

BT  [}{]                                   378.60             5.43% on the week

BP  [}{]                                   484.75              7.45% on the week

Rexam                                    517.50              1.27% on the week

ARM Holdings  [}{]              £9.76             -0.71% on the week

HSBC  [}{]                              687.30            1.07% on the week   xd

RBS  [}{]                                 340.00            -7.71% on the week

RMG:LSE (330 launch)     574.00           3.42% on the week

Standard Life                         351.10             -4.23% on the week

WPP                                       £13.26               -1.34% on the week   xd

10 Year Government Bond (Gilt) Price     £96.59      Yield    2.65%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    3.14%

One Pound will buy 1.5922 US Dollars

One Pound will buy 1.1805 Euros

CPI Inflation stands at 2.7% as at Sept 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.5% as at Sept 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):  3.2% – Sept 2013  No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula:  2.5% as at Sept 2013

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

pmL Metal and Precious Metal Pricing used in Market Numbers 

lme3  – London Metal Exchange 3 months

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201310261500¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

VIEWPOINT: Have you got the Energy?… plus 7 Days to Friday 25th October 2013

S e w e l l B r y d e n G u n n VIEWPOINT: Have you got the Energy? There has been a lot of noise in the press, other media and on TV about the recent deals done by the UK Government with EDF (French Nuclear Power Plant Construction) and China (investment) and also about the price increases being charged by our “local” gas and energy suppliers.

 We have heard much discussion about how our energy companies are stinging us with yet more increases and how we are encouraged to “fix in” with a fixed price deal for our Gas and Electric and to hunt around for a good deal with anecdotal comments such as “How can they be charging yet more increases again and again – it’s not surely not necessary – is it?”   So let’s take a look . I have included below figures taken from our weekly analysis of energy futures – in this instance Natural Gas Contracts via NYMEX which deliver by end of November and close out by end of October. Although it is arguable that such figures do not necessarily reflect the whole picture for mere mortals living in the UK, it is important to recognise that the global energy sector comprises locally and globally traded commodities which also impact on the  UK energy market.   In very simple terms we can see that the 2013 contract (Nov 2013) is priced at 3.629 USD ($) per mmbtu for a standard contract (10,000 mmBtus) as traded on NYMEX (although London Natural Gas Trades are carried out through ICE and are priced in sterling per 1000 therms per day with Contracts of approximately 28,000 therms). Setting aside all the jargon, let’s just look at the number 3.629 for 2013 quoted on NYMEX. The number for the same thing for delivery in 1 year’s time is 3.973 for 2014 – some 9% increase in price for the same contract. If we look at a potential contract price for delivery 2023, in 10 years(!) then the notional contract price is already set at 6.026, representing a 66% approx. increase against today’s contract pricing! So is this the shape of things to come? Well, it may be. The main point of learning here is that in a year’s time, natural gas contract prices are potentially expected to be 9% higher than today with prices well on the way to doubling in 10 year’s time…..this of course reflects a wider picture of energy costs which will be reflected just as much in our domestic and business energy costs……an important financial planning point, especially for people who will in years to come require more energy usage rather than less!

This Viewpoint by Neil A Sewell, Chartered Financial Planner, Investment Analyst & Pensions Specialist at SewellBrydenGunn.

TAKE NOTE: If you are not sure if you are putting enough aside for retirement, or even if you think you are – is important to get all this reviewed.

Any queries – please do not hesitate to contact us.

Over The Past Week: Snapshot View of the Markets: Below are closing numbers as at Friday 25th October 2013.

For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6721.34         1.49%    on the week

FTSE All Share                     3581.33        1.36%    on the week

Brent Crude $ per barrel       106.99        -2.68%     on the week

Natural Gas NYMEX:NG         3.629            -2.71%      on the week

Natural Gas NYMEX:NG 1yr   3.973           -1.17%      on the week

Natural Gas NYMEX:NG 10yr 6.026           0.97%      on the week

Gold $ per troy ounce pmL  1347.75        2.37%     on the week

Silver $ per troy ounce pmL     22.35        2.19%     on the week

Copper US$ per tonne lme3  7134.00       -1.86%     on the week   (LME 3 months)

Wheat Futures CBOT              696.50          -1.31%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne          882.50         1.44%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.10240   last week : 0.10900

Euro Libor %                         0.04786   last week : 0.04571

GBP Libor %                         0.46938  last week : 0.46875

Euro Euribor 3 mnths %     0.23   last week : 0.22

Sterling CDs 3 mnths %       0.48  last week : 0.48

RONIA  %                            0.4190  l wk : 0.4575 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4330  l wk : 0.4322 (Sterling Overnight Index Ave Rate)

HFRX                                    1210.68           0.43%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               370.15            0.27% on the week    xd

Sainsbury                               396.80           0.46% on the week

BT  [}{]                                   359.10            -1.64% on the week

BP  [}{]                                   451.15              0.83% on the week

Rexam                                    511.00              3.80% on the week

ARM Holdings  [}{]              £9.83             -3.06% on the week

HSBC  [}{]                              680.00            0.15% on the week   xd

RBS  [}{]                                 368.40            -1.15% on the week

RMG:LSE (330 launch)     555.00           10.45% on the week

Standard Life                         366.60             1.95% on the week   xd

WPP                                       £13.44               4.51% on the week   xd

10 Year Government Bond (Gilt) Price     £96.72      Yield    2.63%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    3.14%

One Pound will buy 1.6167 US Dollars

One Pound will buy 1.1720 Euros

CPI Inflation stands at 2.7% as at Sept 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.5% as at Sept 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):  3.2% – Sept 2013  No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula:  2.5% as at Sept 2013

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

pmL Metal and Precious Metal Pricing used in Market Numbers 

lme3  – London Metal Exchange 3 months

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201310261500¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

ViewPoint: A Question of Trust; The Permanence of Change; 7 Days to Friday 18th October 2013

S e w e l l B r y d e n G u n n ViewPoint: A Question of Trust; The Permanence of Change; 7 Days to Friday 18th October 2013.

Regarding Inheritance Tax as well as Tax in general: There have been a number of cases where aggressive and even fairly low key mitigation schemes have unravelled at some considerable cost to the would be Tax Saver. Investors contemplating how they should re organise their affairs to minimise the amount of Inheritance Tax (IHT) that will be charged to their estate on their death, will very often forget to include in their planning such items as any lifetime (chargeable) transfers they have made in the previous 14 years or earlier, or the residence and domicile of settlor, trustee and beneficiary. Even legacy assets which were supposedly correctly settled into a trust years ago may come under the scrutiny of HMRC/Capital Taxes Office simply because the investor did not get the right advice at the time and or set up the wrong type of trust which subsequent legislation has rendered useless if not more costly than if nothing at all had been done at all. “Interest in Possession” Trusts which were never periodically reviewed are a classic example of where supposedly robust mitigation schemes may have sometimes been thwarted by the consequences of seemingly unconnected legislation. It can all end in tears!

The lesson must surely be that if you are seeking to mitigate tax, be sure to get correct advice in the first place from an appropriately qualified professional,  ensure that any mitigation plans and schemes are reviewed periodically, preferably with an adviser, and be wary of over aggressive tax “products” which seek to mitigate by “distortion” and which in the final analysis could fall victim to the Tax Authority’s “look-through” policy.

The Permanence of Change

I deliberated somewhat before deciding to make any comment at all about the announcement that Neil Woodford, fund manager, is leaving his fund management home of 25 years at Invesco Perpetual, a prominent fund management company, to explore pastures new.

A number of advisers in the industry have made “off the cuff” remarks when asked to comment and have subsequently sought to retract or redact their original comments!!

Our “house view” remains that it is “business as usual” and that  Neil’s imminent departure from his long standing position just goes to show that once again: “Everything is permanent until it changes!

This Viewpoint by Neil A Sewell, Chartered Financial Planner, Investment Analyst, Pensions Specialist and a practitioner in IHT Trust & Estate work at SewellBrydenGunn: Chartered Financial Planners, Securities Investment and Pensions Advisers – helping clients create a better tomorrow, today.

Over The Past Week: Snapshot View of the Markets: Below are closing numbers as at Friday 18th October 2013.

For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6622.58         2.09%    on the week

FTSE All Share                     3533.23        2.18%    on the week

Brent Crude $ per barrel       109.94        -1.20%     on the week

Gold $ per troy ounce pmL  1316.50        4.03%     on the week

Silver $ per troy ounce pmL     21.87        1.63%     on the week

Copper US$ per tonne lme3  7269.00       1.58%     on the week   (LME 3 months)

Wheat Futures CBOT            705.75          1.95%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne        870.00         4.19%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.10900   last week : 0.10380

Euro Libor %                         0.04571   last week : 0.04571

GBP Libor %                         0.46875  last week : 0.46938

Euro Euribor 3 mnths %     0.22   last week : 0.23

Sterling CDs 3 mnths %       0.48  last week : 0.48

RONIA  %                            0.4575  l wk : 0.4347 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4322  l wk : 0.4283 (Sterling Overnight Index Ave Rate)

HFRX                                    1205.54           0.88%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               369.15            3.14% on the week                       xd

Sainsbury                               395.00           1.67% on the week

BT  [}{]                                   365.10            4.88% on the week

BP  [}{]                                   447.45             1.77% on the week

Rexam                                    492.30            2.99% on the week

ARM Holdings  [}{]                £10.14            3.05% on the week

HSBC  [}{]                              679.00            -1.54% on the week  

RBS  [}{]                                 372.70             -1.11% on the week

RMG:LSE (330 launch)       502.50              10.44% on the week

Standard Life                         359.60               1.15% on the week   xd

WPP                                       £12.86                 3.88% on the week   xd

10 Year Government Bond (Gilt) Price     £95.98      Yield    2.72%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    3.12%

One Pound will buy 1.6188 US Dollars

One Pound will buy 1.1820 Euros

CPI Inflation stands at 2.7% as at Sept 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.5% as at Sept 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):  3.2% – Sept 2013  No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula – NEW:  2.5% as at Sept 2013

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

pmL Metal and Precious Metal Pricing used in Market Numbers 

lme3  – London Metal Exchange 3 months

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201310041404¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement

ViewPoint: Very Long Investment, Pensions and Retirement; plus 7 Days to Friday 11th October 2013

S e w e l l B r y d e n G u n n ViewPoint: Very Long Investment, Pensions and Retirement: If you are not sure if you are putting enough aside for retirement, or even if you think you are – is important to get all this reviewed.

Many people do not regularly check their “WealthPot” to see how it is faring – ie the money investments and scheme assets that they are hoping will provide enough for them to live a satisfactorily comfortable lifestyle when they exit from dependent paid work (running a business or employment!) and need a financially independent source of income. Most people call this point in time “retirement” but an increasingly significant number simply want to exit from dependent paid work as early as possible so they can get on with either a full life of leisure, increased time on vocational effort or even starting a new venture. 

Investors will frequently, if not casually, look at the length of time they wish to tie up their money as one option out of three: short – term ( up to 1 year or so), medium – term (5 years +) or long – term (ie at least 10 years) and then look at how much risk they are prepared to take based on these time based choices or together with their overall attitude to risk.

However it is also worth remembering one important time period – important for all of us – The Very Long Investment Term (most easily described as a continuously rolling 20 or 30 year interval).  This is the domain of investments set up for the seriously long haul – the “ocean voyage” in the sea of conflicting investment priorities.

At SewellBrydenGunn we have pioneered and continue to carve away at this approach to investment behaviour and the setting of relevant and appropriate priorities and benchmarks. In many ways the Very Long Investment (VLI) is probably the most important concept an investor may have to deal with and the strategies involved can very often appear to be at odds with conventional approaches. It could be described as the first and the last, the alpha and omega of investment concepts. Essentially it recognises the notion that investment is a COST of living, not a luxury, not something embarked by those with surplus, not something to be looked at later, and certainly not something set aside as an alternative to the deposit based “cash for the cautious”.  At its heart lies the belief that, right from before the start of a career, by making the LVI the FIRST priority COST above everything else, by nurturing a patient view to investment opportunities, by seeking taking and acting on appropriate professional investment & financial planning advice and by staying the course, it is possible for considerable relative wealth to be built up in this way over a working lifetime, which in turn leads to a better freedom of choice for the individual investor in the end.

So – if you are or want to be “in it for the long haul” but are not sure right now where you stand with regard to your “WealthPot” then perhaps NOW it is time to take stock of where you are and where you need to be – whether you need to check the hundreds, the thousands or the millions…..and when you have done that – do not forget about the needs of the people and causes who are dependent on you – after all: where would they be without you?  

Any queries – please do not hesitate to contact us.

Over The Past Week: Snapshot View of the Markets: Below are closing numbers as at Friday 11th October 2013.

For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6487.19         0.52%    on the week

FTSE All Share                     3457.89        0.58%    on the week

Brent Crude $ per barrel       111.28         1.66%     on the week

Gold $ per troy ounce pmL  1265.50        -3.38%     on the week

Silver $ per troy ounce pmL     21.52        -0.60%     on the week

Copper US$ per tonne lme3  7156.00       -0.33%     on the week   (LME 3 months)

Wheat Futures CBOT            692.25          0.76%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne        835.00          0.91%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.10380   last week : 0.10130

Euro Libor %                         0.04571   last week : 0.04571

GBP Libor %                         0.46938  last week : 0.47125

Euro Euribor 3 mnths %     0.23   last week : 0.23

Sterling CDs 3 mnths %       0.48  last week : 0.52

RONIA  %                            0.4347  l wk : 0.4328 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4283  l wk : 0.4315 (Sterling Overnight Index Ave Rate)

HFRX                                    1195.02           -0.50%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               357.90            -1.00% on the week   xd

Sainsbury                               388.50           -0.33% on the week

BT  [}{]                                   348.10            -0.80% on the week

BP  [}{]                                   439.65             0.32% on the week

Rexam                                    478.00            -1.34% on the week

ARM Holdings  [}{]                £9.84             0.10% on the week

HSBC  [}{]                              689.60            1.82% on the week   

RBS  [}{]                                 376.90             0.99% on the week

RMG:LSE (330 launch)       455.00             37.88% on the week

Standard Life                         355.50             0.40% on the week   xd

WPP                                       £12.38              -1.28% on the week   xd

10 Year Government Bond (Gilt) Price     £95.71      Yield    2.75%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    3.29%

One Pound will buy 1.5947 US Dollars

One Pound will buy 1.1758 Euros

CPI Inflation stands at 2.7% as at August 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.5% as at August 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):  3.3% – July 2013  No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula – NEW:  2.6% as at August 2013

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

pmL Metal and Precious Metal Pricing used in Market Numbers 

lme3  – London Metal Exchange 3 months

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201310121422¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement

Capital Eyes On The Market: 7 Days to Friday 4th October 2013

S e w e l l B r y d e n G u n n ViewPoint: PENSIONS, AGAIN!        Last Week I discussed the apparent lack of interest people seem to have in making a serious commitment to saving for retirement. I have left last week’s comment below so you don’t have to go back and check it – but of course I’d be delighted if you did!!

However, those that do take this kind of thing a bit more seriously and actually have the odd legacy pension fund in place may still not be reviewing their investment for retirement regularly enough to see if the scheme or plan invested funds could be managed more efficiently with lower management charges and better investment oversight. Generally for workplace  based arrangements, the larger schemes appear to be run better with a more professional approach. However, a considerable proportion of scheme members may well be invested in “default” funds because the member did not make an active choice where their own or their employer’s contributions should be invested. These funds tend to be designed for the “average member” and in addition assume a more cautious management style – for example: the “balanced managed fund” and this is reflected in their performance!

The Office of Fair Trading has recommended that the Department for Work and Pensions consults on the treatment of auto-enrolment schemes that penalise members who stop contributing or who wish to make transfers out of the scheme . Perhaps an equally pressing point is the need to bring legacy pension arrangements into line with the more modern and cost efficient structures of today’s pension arrangements.

As we see pension plans and schemes morph from “optional financial product” to “part of the plumbing” essential/mandatory consumer commodity, it should be hoped that more transparency about costs and charges will help differentiate between the good the bad and the ugly…..

[From Last week: Keep an eye on your future – your horizon – your financial independence. For many, the date when they become financially independent is at the point of retirement. However, increasing numbers of people may find this date slipping further into the future as they realise they have put by insufficient funds over their (working) lifetime to provide a satisfactory income in retirement (normally in the form of a pension or annuity). A recent report from the Office of National Statistics (ONS) indicates that active membership of occupational pension schemes dropped from 8.2m in 2011 to 7.8m in 2012 – this excludes Group Personal Pensions or Group Stakeholder Pensions. So basically it appears that more people have not been saving enough for retirement. Perhaps the government’s auto-enrolment programme will reverse this trend. Certainly there are now more people saving into a pension. However, there is still a large gap between ideal saving rates and the levels currently taking place.]

This Viewpoint by Neil A Sewell, Chartered Financial Planner, Investment Analyst & Pensions Specialist at SewellBrydenGunn.

If you are not sure if you are putting enough aside for retirement, or even if you think you are – is important to get all this reviewed.

Any queries – please do not hesitate to contact us.

Over The Past Week: Snapshot View of the Markets: Below are closing numbers as at Friday 4th October 2013.

For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6453.88         -0.90%    on the week

FTSE All Share                     3437.93        -0.85%    on the week

Brent Crude $ per barrel       109.46         0.76%     on the week

Gold $ per troy ounce pmL  1309.75        -2.33%     on the week

Silver $ per troy ounce pmL     21.65         0.19%     on the week

Copper US$ per tonne lme3  7180.00       -1.31%     on the week   (LME 3 months)

Wheat Futures CBOT            687.00          0.59%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne        827.50         -0.30%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.10130   last week : 0.10930

Euro Libor %                         0.04571   last week : 0.04286

GBP Libor %                         0.47125  last week : 0.47375

Euro Euribor 3 mnths %     0.23   last week : 0.22

Sterling CDs 3 mnths %       0.52  last week : 0.48

RONIA  %                            0.4328  l wk : 0.4158 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4315  l wk : 0.4286 (Sterling Overnight Index Ave Rate)

HFRX                                    1201.04           0.16%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               361.50            -0.30% on the week

Sainsbury                               389.80           -1.24% on the week

BT  [}{]                                   350.90            1.30% on the week

BP  [}{]                                   438.25           -0.65% on the week

Rexam                                    484.50            -0.02% on the week

ARM Holdings  [}{]                £9.83            -2.67% on the week

HSBC  [}{]                              677.30            -0.06% on the week   xd

RBS  [}{]                                 373.20             1.83% on the week

Standard Life                         354.10             0.74% on the week   xd

WPP                                       £12.54               -2.18% on the week

10 Year Government Bond (Gilt) Price     £95.77      Yield    2.74%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    3.29%

One Pound will buy 1.6074 US Dollars

One Pound will buy 1.1823 Euros

CPI Inflation stands at 2.7% as at August 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.5% as at August 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):  3.3% – July 2013  No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula – NEW:  2.6% as at August 2013

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

pmL Metal and Precious Metal Pricing used in Market Numbers 

lme3  – London Metal Exchange 3 months

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201310041404¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

“En Le Marque!” Market Numbers: Friday 27th September 2013

S e w e l l B r y d e n G u n n ViewPoint:    Listening to the radio today, Saturday 28th September 2013 I heard a phoned-in comment about how care fees (for an elderly lady suffering from arthritis who had to move into a residential care home) now came to £3000 per month – the question being asked was “How long will she be able to fund these costs?”. This is a difficult question for many people and which keeps on cropping up in more than a few impromptu conversations. We have commented on this area previously (search our news updates for “Long Term Care Fees” or “Dilnot”). Although the government has attempted to put measures in place to tackle the problem of affording care fees, there are many people who right now still have a long fee funding road ahead until these measures come into effect. It is vitally important for everyone to at least discuss the issue of funding for possible long term care as part of a regular financial planning review process…

Keep an eye on your future – your horizon – your financial independence. For many, the date when they become financially independent is at the point of retirement. However, increasing numbers of people may find this date slipping further into the future as they realise they have put by insufficient funds over their (working) lifetime to provide a satisfactory income in retirement (normally in the form of a pension or annuity). A recent report from the Office of National Statistics (ONS) indicates that active membership of occupational pension schemes dropped from 8.2m in 2011 to 7.8m in 2012 – this excludes Group Personal Pensions or Group Stakeholder Pensions. So basically it appears that more people have not been saving enough for retirement. Perhaps the government’s auto-enrolment programme will reverse this trend. Certainly there are now more people saving into a pension. However, there is still a large gap between ideal saving rates and the levels currently taking place. If you are not sure if you are putting enough aside for retirement, or even if you think you are – is important to get all this reviewed. Any queries – please do not hesitate to contact us.

This Week’s Snapshot View of the Markets: Below are closing numbers as at Friday 27th September 2013.

For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6512.66         -1.27%    on the week

FTSE All Share                     3467.27        -1.19%    on the week

Brent Crude $ per barrel       108.63         -0.54%     on the week

Gold $ per troy ounce pmL  1341.00        -0.61%     on the week

Silver $ per troy ounce pmL     21.61         -4.97%     on the week

Copper US$ per tonne lme3  7275.00       -0.74%     on the week   (LME 3 months)

Wheat Futures CBOT            683.00          0.61%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne        830.00         0.61%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.10930   last week : 0.11190

Euro Libor %                         0.04286   last week : 0.04000

GBP Libor %                         0.47375  last week : 0.47875

Euro Euribor 3 mnths %     0.22   last week : 0.22

Sterling CDs 3 mnths %       0.48  last week : 0.48

RONIA  %                            0.4158  l wk : 0.4125 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4286  l wk : 0.4303 (Sterling Overnight Index Ave Rate)

HFRX                                    1199.07           -0.16%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               362.60            -3.63% on the week

Sainsbury                               394.70           -0.43% on the week

BT  [}{]                                   346.40            1.14% on the week

BP  [}{]                                   441.10           -0.21% on the week

Rexam                                    484.60            -1.06% on the week

ARM Holdings  [}{]             £10.10            0.90% on the week   xd

HSBC  [}{]                              677.70            -1.67% on the week   xd

RBS  [}{]                                 366.50             0.58% on the week

Standard Life                         351.50             0.80% on the week   xd

WPP                                       £12.82               -0.85% on the week

10 Year Government Bond (Gilt) Price     £95.93      Yield    2.72%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    3.29%

One Pound will buy 1.6122 US Dollars

One Pound will buy 1.1905 Euros

CPI Inflation stands at 2.7% as at August 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.5% as at August 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):  3.3% – July 2013  No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula – NEW:  2.6% as at August 2013

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

pmL Metal and Precious Metal Pricing used in Market Numbers 

lme3  – London Metal Exchange 3 months

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201309282151¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

“En Le Marque!” Market Numbers: Friday 20th September 2013

S e w e l l B r y d e n G u n n ViewPoint: Is it time for the government to reconsider the rules which form a brick wall to thousands of pension investors who cannot take higher incomes from their retirement funds? 15 year Gilt Yields have rebounded in recent months (see Market Numbers” below) – yes this sounds like good news for those invested in “capped drawdown” pension arrangements, since such returns affect how much income can be taken from an invested pension fund – however many investors are unable to take advantage of this rebound directly because of automatic contract based restrictions which only allow a resetting of income limits every three years – not exactly the most flexible or customer-friendly approach……There are a number of options that a concerned pension investor may consider but this is definitely not a “do it yourself” exercise. Appropriate professional and specialist pensions advice is critical to the use of income drawdown as part of a flexible income strategy for retirement.

This Week’s Snapshot View of the Markets: Below are closing numbers as at Friday 20th September 2013.

For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6596.43         0.19%    on the week

FTSE All Share                     3508.99        0.03%    on the week

Brent Crude $ per barrel       109.22         -3.16%     on the week

Gold $ per troy ounce pmL  1349.25        2.33%     on the week

Silver $ per troy ounce pmL     22.74         4.70%     on the week

Copper US$ per tonne lme3  7329.00       3.82%     on the week   (LME 3 months)

Wheat Futures CBOT            646.25          2.95%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne        825.00         0.00%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.11190   last week : 0.11190

Euro Libor %                         0.04000   last week : 0.04286

GBP Libor %                         0.47875  last week : 0.47875

Euro Euribor 3 mnths %     0.22   last week : 0.22

Sterling CDs 3 mnths %       0.48  last week : 0.48

RONIA  %                            0.4125  l wk : 0.4817 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4303  l wk : 0.4319 (Sterling Overnight Index Ave Rate)

HFRX                                    1200.96           0.37%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               376.25            1.14% on the week

Sainsbury                               396.40           -0.20% on the week

BT  [}{]                                   342.50            -0.84% on the week

BP  [}{]                                   442.05           -0.10% on the week

Rexam                                    489.80            -2.43% on the week

ARM Holdings  [}{]             £10.01            2.98% on the week   xd

HSBC  [}{]                              689.20            -1.82% on the week   xd

RBS  [}{]                                 364.40             0.83% on the week

Standard Life                         348.70             1.75% on the week   xd

WPP                                       £12.93               0.08% on the week

10 Year Government Bond (Gilt) Price     £94.23      Yield    2.92%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    3.29%

One Pound will buy 1.6001 US Dollars

One Pound will buy 1.1844 Euros

CPI Inflation stands at 2.7% as at August 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.5% as at August 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):  3.3% – July 2013  No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula – NEW:  2.6% as at August 2013

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

pmL Metal and Precious Metal Pricing used in Market Numbers 

lme3  – London Metal Exchange 3 months

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201309211850¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Market Numbers: Friday 13th September 2013

Market NumbersNow the Summer Recess is well and truly over….Many thanks to all our Clients, Professional Connections and other interested parties who provided such positive feedback about how useful you have found our weekly view and update: “Market Numbers”   This Week’s Snapshot View of the Markets: Below are closing numbers as at Friday 13th September 2013.

For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6583.80         0.56%    on the week

FTSE All Share                     3507.89         0.66%    on the week

Brent Crude $ per barrel       112.78         -2.13%     on the week

Gold $ per troy ounce pmL  1318.50        -4.94%     on the week

Silver $ per troy ounce pmL     21.72         -5.77%     on the week

Copper US$ per tonne lme3  7059.50       -1.92%     on the week   (LME 3 months)

Wheat Futures CBOT            627.75          0.08%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne        825.00         -2.37%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.11190   last week : 0.11650

Euro Libor %                         0.04286   last week : 0.04357

GBP Libor %                         0.47875  last week : 0.47875

Euro Euribor 3 mnths %     0.22   last week : 0.23

Sterling CDs 3 mnths %       0.48  last week : 0.53

RONIA  %                            0.4817  l wk : 0.4776 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4319  l wk : 0.4335 (Sterling Overnight Index Ave Rate)

HFRX                                    1196.56           0.54%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               372.00            1.36% on the week

Sainsbury                               397.20             0.94% on the week

BT  [}{]                                   345.40            0.73% on the week

BP  [}{]                                   442.50           -0.68% on the week   xd

Rexam                                    502.00            -0.20% on the week

ARM Holdings  [}{]              972.00            8.91% on the week   xd

HSBC  [}{]                              702.00            -0.89% on the week   xd

RBS  [}{]                                 361.40             7.24% on the week

Standard Life                         342.70             1.39% on the week   xd

WPP                                       £12.92               3.36% on the week

10 Year Government Bond (Gilt) Price     £94.10      Yield    2.94%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    3.29%

One Pound will buy 1.5866 US Dollars

One Pound will buy 1.1966 Euros

CPI Inflation stands at 2.8% as at July 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.5% as at July 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):  3.1% – July 2013  No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula – NEW:  2.6% as at July 2013

(RPIJ is an experimental index – results of the trial due Summer 2013)

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

pmL Metal and Precious Metal Pricing used in Market Numbers 

lme3  – London Metal Exchange 3 months

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201309161429¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Market Numbers: Friday 2nd August 2013

Market NumbersThis Week’s Snapshot View of the Markets: Below are closing numbers as at Friday 2nd August 2013. For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6647.87         1.42%    on the week

FTSE All Share                     3531.17         1.61%    on the week

Brent Crude $ per barrel       109.54         1.76%     on the week

Gold $ per troy ounce pmL  1309.25        -1.63%     on the week

Silver $ per troy ounce pmL     19.46         -2.80%     on the week

Copper US$ per tonne lme3  7030.00         1.52%     on the week   (LME 3 months)

Wheat Futures CBOT            658.00          1.35%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne        830.00          1.84%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.11703   last week : 0.11874

Euro Libor %                         0.04357   last week : 0.04500

GBP Libor %                         0.47875  last week : 0.47813

Euro Euribor 3 mnths %     0.23   last week : 0.23

Sterling CDs 3 mnths %       0.52  last week : 0.48

RONIA  %                            0.4040  l wk : 0.4817 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4314  l wk : 0.4298 (Sterling Overnight Index Ave Rate)

HFRX                                    1196.60           -0.16%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               371.25             2.23% on the week    

Sainsbury                               393.50             0.38% on the week    

BT  [}{]                                   339.60            0.83% on the week

BP  [}{]                                   455.40           -3.31% on the week    

Rexam                                    515.00            8.03% on the week

ARM Holdings  [}{]               881.00            4.14% on the week

HSBC  [}{]                              754.70             3.21% on the week        

RBS  [}{]                                 322.50           -1.68% on the week

Standard Life                         386.50             3.07% on the week

WPP                                       £11.97               1.87% on the week     

10 Year Government Bond (Gilt) Price     £94.50      Yield    2.43%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    2.88%

One Pound will buy 1.5273 US Dollars

One Pound will buy 1.1498 Euros

CPI Inflation stands at 2.9% as at June 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.7% as at June 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):    No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula – NEW:  2.7% as at June 2013

(RPIJ is an experimental index – results of the trial due Summer 2013)

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

pmL Metal and Precious Metal Pricing used in Market Numbers 

lme3  – London Metal Exchange 3 months

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201308031543¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Market Numbers: Friday 26th July 2013

Market NumbersThis Week’s Snapshot View of the Markets: Below are closing numbers as at Friday 26th July 2013. For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6554.79        -1.14%    on the week

FTSE All Share                     3475.18        -1.03%    on the week

Brent Crude $ per barrel       107.65        -0.39%     on the week

Gold $ per troy ounce          1331.00         2.72%     on the week

Silver $ per troy ounce            20.02          3.09%     on the week

Copper US$ per tonne         6924.50         0.00%     on the week   (LME 3 months)

Wheat Futures CBOT            649.25         -2.29%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne        815.00         -2.40%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.11874   last week : 0.11746

Euro Libor %                         0.04500   last week : 0.03857

GBP Libor %                         0.47813  last week : 0.47813

Euro Euribor 3 mnths %     0.23   last week : 0.22

Sterling CDs 3 mnths %       0.48  last week : 0.53

RONIA  %                            0.4817  l wk : 0.4325 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4298  l wk : 0.4324 (Sterling Overnight Index Ave Rate)

HFRX                                    1198.55           0.06%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               363.15           -1.90% on the week    

Sainsbury                               392.00           -0.96% on the week    

BT  [}{]                                   336.80          -0.38% on the week

BP  [}{]                                   471.00            0.26% on the week    

Rexam                                    476.70          -2.61% on the week

ARM Holdings  [}{]               846.00          -5.74% on the week

HSBC  [}{]                              731.20           -0.85% on the week        

RBS  [}{]                                 328.00          -2.70% on the week

Standard Life                         375.00           -2.60% on the week

WPP                                       £11.75             -2.08% on the week     

10 Year Government Bond (Gilt) Price     £95.20      Yield    2.34%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    2.88%

One Pound will buy 1.5371 US Dollars

One Pound will buy 1.1588 Euros

CPI Inflation stands at 2.9% as at June 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.7% as at June 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):    No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula – NEW:  2.7% as at June 2013

(RPIJ is an experimental index – results of the trial due Summer 2013)

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

Metal and Precious Metal Pricing used in Market Numbers 

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201307272222¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Market Numbers: Friday 19th July 2013

Market NumbersThis Week’s Snapshot View of the Markets: Below are closing numbers as at Friday 19th July 2013. For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6630.67         1.31%    on the week

FTSE All Share                     3511.20         1.22%    on the week

Brent Crude $ per barrel       108.07        -0.68%     on the week

Gold $ per troy ounce          1295.75         1.25%     on the week

Silver $ per troy ounce            19.42         -1.22%     on the week

Copper US$ per tonne         6924.50        -0.22%     on the week   (LME 3 months)

Wheat Futures CBOT            664.50         -1.63%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne        835.00         -3.75%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.11746   last week : 0.12020

Euro Libor %                         0.03857   last week : 0.04143

GBP Libor %                         0.47813  last week : 0.47813

Euro Euribor 3 mnths %     0.22   last week : 0.22

Sterling CDs 3 mnths %       0.53  last week : 0.48

RONIA  %                            0.4325  l wk : 0.4470 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4324  l wk : 0.4312 (Sterling Overnight Index Ave Rate)

HFRX                                    1197.88           0.57%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               370.20            5.91% on the week    

Sainsbury                               395.80            3.40% on the week    

BT  [}{]                                   338.10          -0.32% on the week

BP  [}{]                                   469.80            1.22% on the week    

Rexam                                    489.50           1.32% on the week

ARM Holdings  [}{]               897.50           0.06% on the week

HSBC  [}{]                              737.50            1.99% on the week        

RBS  [}{]                                 337.10         10.74% on the week

Standard Life                         385.00            0.08% on the week

WPP                                       £12.00             0.00% on the week     

10 Year Government Bond (Gilt) Price     £95.56      Yield    2.29%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    2.88%

One Pound will buy 1.5260 US Dollars

One Pound will buy 1.1614 Euros

CPI Inflation stands at 2.9% as at June 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.7% as at June 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):    No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula – NEW:  2.7% as at June 2013

(RPIJ is an experimental index – results of the trial due Summer 2013)

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

Metal and Precious Metal Pricing used in Market Numbers 

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201307202249¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Market Numbers: Friday 12th July 2013

Market NumbersThis Week’s Snapshot View of the Markets: Below are closing numbers as at Friday 12th July 2013. For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6544.94         2.66%    on the week

FTSE All Share                     3468.85         2.70%    on the week

Brent Crude $ per barrel       108.81         1.01%     on the week

Gold $ per troy ounce          1279.75         5.52%     on the week

Silver $ per troy ounce            19.66          1.76%     on the week

Copper US$ per tonne         6940.00         1.44%     on the week   (LME 3 months)

Wheat Futures CBOT            675.50          2.97%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne        867.50         -2.53%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.12020   last week : 0.12530

Euro Libor %                         0.04143   last week : 0.04000

GBP Libor %                         0.47813  last week : 0.47813

Euro Euribor 3 mnths %     0.22   last week : 0.22

Sterling CDs 3 mnths %       0.48  last week : 0.48

RONIA  %                            0.4470  l wk : 0.4578 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4312  l wk : 0.4287 (Sterling Overnight Index Ave Rate)

HFRX                                    1191.05           0.38%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               349.55            2.46% on the week    

Sainsbury                               382.80            2.77% on the week    

BT  [}{]                                   339.20           3.01% on the week

BP  [}{]                                   464.15            2.24% on the week    

Rexam                                    483.10           0.00% on the week

ARM Holdings  [}{]               897.00           6.66% on the week

HSBC  [}{]                              723.10            1.49% on the week        

RBS  [}{]                                 304.40         10.01% on the week

Standard Life                         384.70            5.05% on the week

WPP                                       £12.00             3.90% on the week     

10 Year Government Bond (Gilt) Price     £95.34      Yield    2.32%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    2.88%

One Pound will buy 1.5118 US Dollars

One Pound will buy 1.1581 Euros

CPI Inflation stands at 2.9% as at June 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.7% as at June 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):    No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula – NEW:  2.7% as at June 2013

(RPIJ is an experimental index – results of the trial due Summer 2013)

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

Metal and Precious Metal Pricing used in Market Numbers 

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201307132249¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Market Numbers: Friday 5th July 2013

Market NumbersThis Week’s Snapshot View of the Markets: Below are closing numbers as at Friday 5th July 2013. For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6375.52         2.58%    on the week

FTSE All Share                    3377.60         2.67%    on the week

Brent Crude $ per barrel       107.72         5.44%     on the week

Gold $ per troy ounce          1212.75         1.74%     on the week

Silver $ per troy ounce            19.32          2.44%     on the week

Copper US$ per tonne         6841.50         0.98%     on the week   (LME 3 months)

Wheat Futures CBOT            656.00          1.16%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne        890.00          2.30%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.12530   last week : 0.12500

Euro Libor %                         0.04000   last week : 0.12429

GBP Libor %                         0.47813  last week : 0.47688

Euro Euribor 3 mnths %     0.22   last week : 0.22

Sterling CDs 3 mnths %       0.48  last week : 0.48

RONIA  %                            0.4578  l wk : 0.2961 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4287  l wk : 0.3919 (Sterling Overnight Index Ave Rate)

HFRX                                    1186.56           0.57%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               341.15            2.94% on the week    

Sainsbury                               372.50            4.84% on the week    

BT  [}{]                                   329.30           6.50% on the week

BP  [}{]                                   454.00          -0.27% on the week    

Rexam                                    483.10           1.17% on the week

ARM Holdings  [}{]                841.00           5.79% on the week

HSBC  [}{]                              712.50            4.47% on the week     xd 

RBS  [}{]                                 276.70             1.17% on the week

Standard Life                          366.20            5.93% on the week

WPP                                       £11.55              2.94% on the week    xd

10 Year Government Bond (Gilt) Price     £93.89      Yield    2.50%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    2.64%

One Pound will buy 1.4883 US Dollars

One Pound will buy 1.1596 Euros

CPI Inflation stands at 2.7% as at May 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.5% as at May 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):    No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula – NEW:  2.5% as at May 2013

(RPIJ is an experimental index – results of the trial due Summer 2013)

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

Metal and Precious Metal Pricing used in Market Numbers 

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

cmp¦prm¦lua 201307062049¦abai¦apd1113

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Market Numbers: Friday 28th June 2013

Market NumbersThis Week’s Snapshot View of the Markets: Below are closing numbers as at Friday 28th June 2013. For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6215.47         1.62%    on the week

FTSE All Share                    3289.71         1.64%    on the week

Brent Crude $ per barrel       102.16         1.24%     on the week

Gold $ per troy ounce          1192.00        -7.97%     on the week

Silver $ per troy ounce            18.86         -5.08%     on the week

Copper US$ per tonne         6775.00        -0.45%     on the week   (LME 3 months)

Wheat Futures CBOT            648.50         -7.09%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne        870.00          1.16%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.12500   last week : 0.13030

Euro Libor %                         0.12429   last week : 0.03143

GBP Libor %                         0.47688  last week : 0.47938

Euro Euribor 3 mnths %     0.22   last week : 0.22

Sterling CDs 3 mnths %       0.48  last week : 0.48

RONIA  %                            0.2961  l wk : 0.4401 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.3919  l wk : 0.4303 (Sterling Overnight Index Ave Rate)

HFRX                                    1179.84          -0.97%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               331.40            0.21% on the week    xd

Sainsbury                               355.30           -0.75% on the week    xd

BT  [}{]                                   309.20           0.59% on the week

BP  [}{]                                   455.25           2.11% on the week    xd

Rexam                                    477.50           0.91% on the week

ARM Holdings  [}{]                795.00           2.91% on the week

HSBC  [}{]                              682.00            3.08% on the week  xd

RBS  [}{]                                 273.50            -2.91% on the week

Standard Life                          345.70           -1.96% on the week

10 Year Government Bond (Gilt) Price     £94.25      Yield    2.45%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    2.64%

One Pound will buy 1.5167 US Dollars

One Pound will buy 1.1668 Euros

CPI Inflation stands at 2.7% as at May 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.5% as at May 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):    No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula – NEW:  2.5% as at May 2013

(RPIJ is an experimental index – results of the trial due Summer 2013)

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

Metal and Precious Metal Pricing used in Market Numbers 

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Past performance is not an indicator of future performance. The value of investments and any income from them can go down as well as up and you may get back less than originally invested.

“Secure” “investments” such as Cash on deposit, can provide relative safety to the amount invested or held in this way and can be expected to offer relatively low growth over the medium to long term. They cannot fall in actual value, but can fall in “real” value due to the effects of inflation.

At the other end of the risk scale, “Adventurous” investments (more volatile Equities – Stocks and Shares) carry a relatively much higher risk of capital loss but with the potential for relatively much higher capital growth over the medium to long term. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees.

At the extreme end of the risk scale – Aggressive/Specialist/Highly Speculative – are investments such as leveraged contracts, derivatives, options and futures. Directly investing into these investments carries a very high risk of capital loss, but with the potential for a higher return (or severe loss) over the short the medium and or the long term. They are very volatile and are only suitable for investors who can afford to, and are prepared to, risk the entire capital value and for some investment contracts, risk substantially more than the original capital value, as well as being prepared to take a very active role in managing their investment throughout the day, every day. These types of investment are definitely NOT suitable for the majority of investors since most investors are “passive” once they have made their initial investment – ie they expect to review their investments from time to time but without being actively involved on a daily basis. These investments do not offer any guarantees.

Photo Credit: SBG PhotoStock

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Market Numbers: Friday 21st June 2013

Market NumbersThis Week’s Snapshot View of the Markets: Below are closing numbers as at Friday 21st June 2013. For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6116.17        -3.05%    on the week

FTSE All Share                    3236.60        -2.85%    on the week

Brent Crude $ per barrel       100.91        -4.74%     on the week

Gold $ per troy ounce          1295.25        -6.90%     on the week

Silver $ per troy ounce            19.87         -8.39%     on the week

Copper US$ per tonne         6805.50        -3.94%     on the week   (LME 3 months)

Wheat Futures CBOT            698.00          2.53%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne        860.00         -1.71%   on the week   (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)

MPC Base Rate  %               0.50  (Bank of England Base/Repo Rate) since 05/03/2009

Euro Repo Rate %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.13030   last week : 0.12900

Euro Libor %                         0.03143   last week : 0.02857

GBP Libor %                         0.47938  last week : 0.47938

Euro Euribor 3 mnths %     0.22   last week : 0.21

Sterling CDs 3 mnths %       0.48  last week : 0.48

RONIA  %                            0.4401  l wk : 0.4587 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4303  l wk : 0.4277 (Sterling Overnight Index Ave Rate)

HFRX                                    1191.43           0.34%  on the week  (Global Hedge Fund Index)

Tesco [}{]                               330.70           -0.84% on the week    xd

Sainsbury                               358.00           -3.19% on the week    xd

BT  [}{]                                   307.40          -1.60% on the week

BP  [}{]                                   445.85          -1.75% on the week    xd

Rexam  [}{]                            473.20          -4.44% on the week

ARM Holdings  [}{]             772.50           -10.38% on the week

HSBC  [}{]                              661.60           -2.72% on the week  xd

RBS  [}{]                                 281.70            -10.85% on the week

Standard Life                          352.60           -3.32% on the week

10 Year Government Bond (Gilt) Price     £94.48      Yield    2.42%

15 Year Gilt Yield Index. 15th of the month approx.  Yield    2.64%

One Pound will buy 1.5390 US Dollars

One Pound will buy 1.1715 Euros

CPI Inflation stands at 2.7% as at May 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.5% as at May 2013   Currently the new Gov’t inflation measure

Retail Prices Index (Carli):    No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula – NEW:  2.3% as at Apr 2013

(RPIJ is an experimental index – results of the trial due Summer 2013)

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has as one of its aims, the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.

KEY to Important Indeces:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

Metal and Precious Metal Pricing used in Market Numbers 

[}{]  –   Denotes a Stock or Share of a FT Global 500 company

xd    –   Denotes a Stock or Share price quoted as ex-dividend

Please ensure you read and take note of the disclaimers mentioned here.

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted, nor does any information provided here constitute nor is it intended to be any form of invitation or solicitation or recommendation to buy sell or hold in any capacity and no liability is accepted. You should not use this update as a basis for making decisions.

SewellBrydenGunn (business name and trading style of SCM Finance) and or any of its members employees partners proprietorship or other stakeholders (we) from time to time may or may not have an interest in any items contracts stocks shares securities or other instruments mentioned here. For your own safety and convenience you should always assume that we may have an interest or position in any of the above and consequently you cannot rely on it to be impartial information.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

Photo Credit: SBG PhotoStock

Posted in Business Financial Planning, Chartered Financial Planner, Economics, Financial Planning, Independent Financial Advice, Investments, Markets, Pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,