Clicking on either of these links will take you away from the ASAM website. You will be directed to a dedicated portal provided by either Standard Life Savings Limited or Seven Investment Management LLP. Both firms are authorised and regulated by the Financial Conduct Authority.
Login to Standard Life Login to 7IMCapital Gains Tax (‘CGT’) can be triggered when you dispose of an asset and make a profit (‘gain’). The tax due is calculated on the gain that is made rather than the value of the asset itself. This gain is calculated by taking the cost or value of the asset when you acquired it and subtracting this from the proceeds received or value of the assets upon disposal.
Over the third quarter to 29th September of 2023, inflation remained elevated in the west with interest rates matching suit. The market narrative in the US flipped from a view of reducing interest rates to them being a higher for longer. The US economy has shown resilience as rates have risen.
Over the second quarter to 30 June 2023, inflation remained elevated in the west. Central banks reacted by increasing interest rates in the UK, US, and Europe. Over the coming period we expect inflation to remain as a key focus.
What a year it's been! Rising interest rates, rising cost of living, rising taxation and volatility across the global financial markets driven by various unsettling events and dynamics.
Over the fourth quarter, which took us to 31 December 2022, inflation remained elevated and further interest rate increases occurred in the UK, US and Europe. As we enter the new year, investors will be hoping for greater stability with an eye remaining focused on inflation and central bank policy. The combination of rate increases should allow inflation to retreat across the year.
The third financial quarter (1 July to 30 September 2022) was dominated by rising inflation and further increases in interest rates in the UK and US. The European Central Bank (ECB) has also started to tighten rates to curb inflation across the region. Central Banks continue to try and strike a difficult balance - the need to control inflation and the need to maintain growth in the economy.
Over the last two years we have experienced increasing numbers of clients looking to take stock of their finances and focus more on future financial projections to ascertain if ensure they are on track to meet their life goals. This is a perfectly natural concern when we are faced with uncertainty as has been the case with, for example, the onset of Covid and the current situation in Ukraine.
The first quarter of 2022 was dominated by the conflict in the Ukraine. Looking beyond the humanitarian impact, the crisis has created volatility and distorted markets. Central banks have remained on guard as inflation numbers have increased and this has led to interest rates rises in the UK and US. Energy companies have clearly been the biggest beneficiaries in the short term as prices have spiked.
We're pleased to announce that we've hired Adam & Co advice director Ken Davidson to lead our Glasgow office. Ken takes up the role of chartered financial planner, following over seven years with Adam & Co in Edinburgh. He was previously an associate director at HSBC Private Bank, and was with the Royal Bank of Scotland for more than 13 years.
We keep a close eye on global market developments, and each quarter we share an overview with our clients to keep you up to date and informed. In Q4 (October to December 2021) the economic backdrop remained relatively stable on the whole with growth being strong in most areas, despite the new variant Omicron creating volatility which started to ease as we found out more about the impact from the scientists. Manufacturing and servicing continue to
