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Dafferns Wealth

Why AI can’t replace your financial adviser

Why AI can’t replace your financial adviser

You can’t have failed to hear all the buzz about Artificial Intelligence (AI) in the last few months, in particular language models such as ChatGPT. From helping jobseekers write a CV or covering letter, to putting together a household shopping list, it’s gradually becoming a much bigger part of people’s lives. So it’s only natural …

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Financial Market July 2023

Market Commentary July 2023

Introduction Sluggish growth and high inflation were recurring themes in many major and emerging economies last month, as central banks across the globe sought to manage the impact of global economic headwinds. But interestingly, many emerging markets bucked this trend. As always, let’s take a closer look at the details. UK The UK economy saw …

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Inheritance Tax Threshold

Are you getting caught in the inheritance tax threshold?

Average house prices rose by 5.5 per cent in the year to February 2023, according to the latest official figures, taking the average price of a property to £288,000. That’s £16,000 higher than it had been a year earlier – and this surge in house prices has had wide-ranging consequences, most notably, pricing many people …

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People Vulnerable to Scams

Is inflation making more people vulnerable to scams?

Households all over the country are under huge financial pressure as double-digit inflation continues to bite, and people are becoming painfully aware that their regular income will only go so far as prices keep heading up. With that in mind, it’s understandable that many will be looking for ways to generate additional revenue, such as …

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Financial Market Commentary June 2023

Market Commentary June 2023

Introduction Economic growth remained subdued at best in many major markets throughout May, as high inflation continued to affect households and businesses across the world and hit confidence. But significantly, some emerging markets such as India have bucked this trend and seen impressive rates of growth. As always, let’s take a closer look at the …

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Teaching child good financial habits

Teach your children good financial habits

Wanting to look after your family is one of the most natural impulses in the world, and that’s one reason why you’ll want to make sure your finances are in order, so you can provide for them after you’re gone. But another way to help your loved ones is to instill good financial habits into …

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High Inflation Affecting Retirees

How has high inflation affected retirees?

All of us have felt the pinch as inflation has soared to its highest level in 40 years. From energy bills and grocery costs to filling up your car and eating out, the rising cost of living has affected everybody to some extent. But one group that’s being particularly hard hit is retirees. According to …

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Financial Market May 2023

Market Commentary May 2023

Introduction High inflation continued to put the brakes on growth in many major economies throughout April, with the International Monetary Fund expecting global growth to fall from 3.4% in 2022 to 2.8% in 2023. As always, let’s drill down a bit further and take a closer look at what’s been going on across the globe… …

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