The pandemic has brought into sharp relief how our lives around the world are inextricably linked, both through the global spread of coronavirus, but also how we’ve come together within our communities to tackle and build back better from this crisis.
Some of you will be familiar with the concept of a fund’s net asset value (NAV) which tallies up the assets and liabilities in an investment portfolio and provides a net worth figure that you can then compare over time. If you are like me, you might try to figure out your own personal NAV by using a spreadsheet to keep track of your income and spending to make sure your personal finances are on track.
In the COVID-19 operating environment, operational resilience is back at the top of the agenda. Take a look at the conclusions of our Operational Resilience Committee’s Business Services Working Group and the new guidance we’ve just issued.
In the run-up to the end of the tax year, savers across the UK look to take advantage of their tax-free ISA allowance, choosing to put their money away in cash or shares. This year however take up was more muted, with coronavirus prompting caution amongst savers during this period.