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Dr Gerard Lyons, Chief Economic Strategist at Netwealth… "what is important right now is that the government gets money to people who need it through the furlough schemes it rolled out previously."
Dr Gerard Lyons, chief economic at Netwealth… A lockdown is necessary to limit the spread of the virus and save lives, but it is not feasible or practical to prolong it for too long. A long lockdown will wipe out large swathes of the economy."
Netwealth, a wealth manager, said that new general investment accounts — taxable accounts opened by new and existing customers that would not be boosted by the looming end of the UK tax year — were up 90 per cent in the first quarter of 2020."
Our analysis of the Netwealth data shows that older people’s wealth is concentrated among those aged between 65-74, rather than spread across our older population."
Charlotte Ransom, chief executive of challenger wealth manager Netwealth, said: "As long as you have enough cash for the next 6-12 months, you don’t have to cash out and crystallise losses just because the markets are down."
Dr Gerard Lyons, chief economic strategist at Netwealth says: “…our policy response needs to be unprecedented, unlimited and urgent."
Gerard Lyons is chief economist at Netwealth: "In terms of the financial markets, equities, bonds and sterling are all falling. In part this reflects the openness of the UK economy and that many assets are foreign owned."
Sitting on cash is hard because it makes you feel like you have to do something," says Charlotte Ransom, chief executive of Netwealth, the challenger wealth manager."