Cry, the beloved NS&I
Originally launched by the UK Government as the Post Office Savings Bank in 1861, it provided the opportunity for the public to save and as a facility to fund the government’s deficit. To encourage post war saving in 1956, Premium Savings Bonds were introduced, but it was not without some political and religious opposition. Despite the resistance, NS&I has since evolved into one the largest savings organisations in the UK and has approximately 25 million customers and more than £179 billion invested.
The UK’s faithful public have twice previously been asked to fund the country’s war time efforts and it was with Great British patriotism and fortitude that those calls were answered. Fast forward 75 years and with the technological capability to answer a call anywhere on the globe, the call has once again been made. This time however, the battle is against an invisible threat and one has to question whether or not the British public have the motivation to answer, considering the nearly invisible returns NS&I are offering as of 24 November.
August Market Review
Throughout history, the month of August has usually been one where investors take a break and the financial markets lose some steam. However, 2020 is far from being an “usual” period in time, and the month of August recorded one of the most aggressive upward trends in some of the global stock markets indices.
Looking back to July, the S&P500 and the NASDAQ continued to shine when compared to its peers, registering some substantial gains in the month. Following this, August continued on this same path and we saw the S&P500 record a 7% gain in the month, while the NASDAQ soared 11%, in this period of usual calmness in the markets.
"BY POSITIVELY IMPACTING OTHERS, WE ARE LEADERS"
An interview given to Portuguese newspaper Público’s Pontos de Vista magazine, takes us to meet Manuela Robinson, Joint Country Manager of Blacktower Financial Management (International) Ltd, in the Algarve - Portugal. A woman in the financial industry, which is still very much male dominated, but she feels is changing. Meet our interviewee, a Leader who is determined and does not like to be a mere spectator, but likes to lead by example.
The Blacktower Group obtains Cyprus licence
Cyprus, June 2020 – In the latest stage of its global growth plans, the Blacktower Group has announced today the complete licencing of its Cyprus entity, Blacktower Financial Management (Cyprus) Limited.
Previously, Blacktower’s EU operations have been based solely from Gibraltar, however following the vote for the UK to leave the EU back in 2016, the business sought to gain regulatory approval and licencing for both IDD and MiFID business in Cyprus.