Posts Tagged ‘ deVere Group Japan ’

Has the market got fed up of promises from Abe ?Nikkei – 3.83%

Japanese Prime Minister Shinzo Abe has pledged to loosen rules on businesses ranging from non-prescription drugs to construction. The markets are not impressed ! As such the Stocks
slid as he said the effort won’t begin for months !! Market don’t like a promise of the future , they like it now !! Also people want details not promises .

“It’s hard for the government to raise hopes with the growth strategy — the
third arrow — because it will be some time before it takes effect,” said Junko
Nishioka
, chief economist at Royal Bank of Scotland Group Plc in Tokyo and a
former Bank of Japan official. “The government is going to have to rely on the Bank of
Japan to boost market expectations.”

The growth strategy to be unveiled next week is  part three of the prong attach !It is part of an economic revival plan following fiscal and monetary stimulus. The first two stages were greeted with enthusiasm by investors, stocks BOOMED but now have entered a correction from the biggest rally in a quarter century and the yen has risen against the dollar after touching a four-and-a-half year low.

Abe has vowed to deregulate energy , health , infrastructure and double foreign investment .

Lets see what next weeks delivers .

Tony Evans

http://www.bloomberg.com/news/2013-06-05/abe-pledges-campaign-to-loosen-japan-business-regulations.html

http://www.bbc.co.uk/news/business-22751158

Nikkei 13,014.90 -518.89 -3.83%

Executive Fight Night II – The Photo Booth

Executive Fight Night II – The Photo Booth

Music licensed to 37 Frames by Triple Scoop Music.

Executive Fight Night II – The Photo Booth

http://www.37framesphotographyblog.com/efn-2-the-photo-booth/#!prettyPhoto

World investors more bullish on Japan than any other country : Abenomics 2 – 0

abe

Investors are more confident in a Japanese leader than any time since at least September 2010, with optimism about Prime Minister Shinzo Abe’s policies exceeding that for counterparts in the U.S., Europe and China.

Japan offers one of the top two opportunities globally in the next year,
according to 33″ of respondents, up from 21% and beating China for
the first time in surveys dating back to 2009. Considering Japan is one of China largest investors that does make sense !

As I mentioned in January Prime Minster Abe is effectively creating his war cabinet on deflation , last piece is the win the up and coming elections .

What Abe has done is creating a change in the Japanese mind set , but also he has also changed the perspective of Japan on the global stage .

May this continue for a long long time .

From a very optimistic Tokyo ,

 

Tony Evans

http://www.bloomberg.com/news/2013-05-16/japan-becomes-most-favored-nation-in-poll-showing-abe-optimism.html

http://redd.it/1ehlku

Happy Friday to to deVere Group clients , we beats banks with 13% return in just 6 months

deVere Group beats banks with 13% return in just 6 months.

I am in the process of writing 4 emails to clients stating that they made 13% in 6 months ! They will have a very Good Friday , I can’t wait to get the responses .

Got to love success. Success breeds more success .

Tony Evans , Tokyo

J.P. Morgan Asset Management launches JPM Fusion Fund range through deVere Group

J.P. Morgan Asset Management launches JPM Fusion Fund range through deVere Group.

Supporting Cancer Reaserch – Pink Ball Tokyo

I am pleased to support Run for Cure Japan Pink Ball 2013 .

This year’s gala is the Foundation’s 10th, and this will be the 4th time I am able to support this worthy cause .

‘The evening remains devoted to bringing together those in the community who share a commitment to fighting breast cancer as a life-threatening disease in Japan, and spearheading greater awareness, diagnosis and treatment among Japanese women of all ages – especially in medically underserved regions’

2013 Bink Ball Westin Japn

2013 Bink Ball Westin Japan

 

If you would like to donate please click on the blow link :

http://www.runforthecure.org/en/donate

UK company pensions – the end is nigh? Or even closer??

BCCJ Acumen March 2013 issue

UK company pensions – the end is nigh? Or even closer??

2007 saw the world suffer the largest financial meltdown of our generation, and while this was a key catalyst in today’s pension crisis, it is not the sole issue.

Coupled with a rise in life expectancies, this has now created a major problem for ANYONE (British, or non-British), with a UK pension, and expecting to receive an income in retirement.

The UK retirement age was set at 65 in1948 to provide financial support in the final year or two of life – the average life expectancy for a male at this time was 66.8.

Today the average life expectancy is in the 80’s and rising!

Pensions were designed to fund short retirements, not 20 or 30 years of retirement. As people’s life expectancy rose so did their expectations for an early and long retirement; in some cases 30 years of work and 30 years of retirement!!!
Pure Madness

Today 80% of UK company pension schemes are in serious deficit; they do not have the financial assets to meet their liabilities. Consequently the amount of pension income received in retirement could be significantly less than expected. Ten people for tea, only six sandwiches on the plate…

A guarantee is only as good as the one making the guarantee! In the words of Benjamin Franklin “‘In this world nothing can be said to be certain, except death and taxes.”

The UK has 7,800 pension schemes, and 1,184 have gone bust due to company failure or unsustainable funding ratios.

On average, 15 schemes a month are falling into Pension Protection Fund (PPF) and at this rate 25% of all Final Salary schemes will fall within the PPF within 7 years.

The PPF is a statutory fund run by a statutory corporation, not the government and has neither government guarantees or funding. It’s objective is to be commended, to pay compensation to defined benefit pension scheme members when their employers go bust and cannot afford to pay what they promised.

PPF Assets per member 2010/2011 £86,500
PPF anticipated assets per member 2015 £34,000

Once a DB scheme enters PPF assessment the opportunity for members to transfer out is gone.

But won’t the value of my pension recover?

Very unlikely :

• 60% of UK pension scheme money is invested in government bonds, not equities, therefore little growth!
• It is a myth that final salary schemes are guaranteed, they are NOT.
So in the BOOM in the stock market in 2013 (FTSE up 7.26%) UK pension schemes missed out!

11 FTSE 100 companies have pension liabilities in excess of their market capitalization:-

British Airways
British Telecom
BAE Systems
Royal Bank of Scotland
RSA Aviva
Lloyds TSB
GlaxoSmithKline
Marks & Spencer
Barclays
ITV
Sainsbury’s

BA’s DB pension scheme liabilities are 5 times the value of the company.

Many schemes are unsustainable and represent a serious risk to the future survival of the company.

What should you do?

If you have a frozen (DB) final salary scheme, then there has never been a better time to transfer into a Qualified Recognized Overseas Pension Scheme (QROPS). Why? Transfer values are 80 per cent higher today than they were six years ago.
Why the increase in QROPS ?
People are frustrated with Chancellor Osborne moving the goal post on pension benefit , age of retirement , contribution . When there is confusion people don’t do anything . People want some certainty , in Japan people have seen the £ go from 240 to 140 , seeing their incomes halved !

What can I do ?
Sit down and review your current situation , the pension itself and the scheme.
In my position as Area Manager of deVere Group Japan I have personally seen an increase in individuals fearful of the current UK pension crisis . With good reason there is an unprecedented window of opportunity available to eligible DB scheme members today that may well not be there tomorrow.
Due to the complex and convoluted nature of pension & pension transfers, the deVere Group have commissioned an independent actuary to prepare a report for interested individuals , this is very simple to initiate.

Download the article :
Industry_deVere

QROPS – deVere Japan reaffirms importance of pension transfers.

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