Asset Allocation Research for UK Advisers

What does the budget mean for pensions?
What does the budget mean for IHT
What does the budget mean for the economy, market and taxes
Economy: slight upgrade to growth, continued gradual moderation of inflation slightly above 2% target
Markets: gilt yields rise slightly whilst digesting spending plans
Taxes: a higher burden on employers and asset-rich individuals
​We discuss this in our research for UK advisers
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UK Equity Income: monthly index commentary for September 2024
by Rob Davies, UK Equity Income Index Specialist at Elston Consulting

​UK equities experienced a small decline in September, probably in large part due to the strengthening of sterling against the US dollar and the euro. Health Care and Energy were the two sectors most affected with falls close to double figures. On the other hand, Materials made a strong positive contribution, most likely responding to political measure taken in China to improve economic confidence. Other sectors did not experience any strong moves.
 
Over the year to date the market has almost achieved double digit returns with some sectors significantly above that threshold. Energy and Information Technology are the only sectors to have had negative returns so far.
 
The forecast for dividends to be paid by all UK listed companies next year dropped slightly over the course of the month as a number of companies saw their estimates trimmed. These cuts outweighed the increases for two large resource companies.