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	<title>pension funds Archives - Philip J Milton &amp; Company Plc</title>
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	<title>pension funds Archives - Philip J Milton &amp; Company Plc</title>
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		<title>The good, the bad and SpaceX</title>
		<link>https://www.miltonpj.net/2026/07/18/spacex-shares-fall/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Sat, 18 Jul 2026 09:00:00 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[market reaction]]></category>
		<category><![CDATA[income tax]]></category>
		<category><![CDATA[SpaceX]]></category>
		<category><![CDATA[Philip J Milton comment]]></category>
		<category><![CDATA[tax thresholds]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[US inflation]]></category>
		<category><![CDATA[interest rates UK]]></category>
		<category><![CDATA[green investments]]></category>
		<category><![CDATA[CGT]]></category>
		<category><![CDATA[tax free lump sum]]></category>
		<category><![CDATA[pension funds]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[UK stock markets]]></category>
		<category><![CDATA[Philip J Milton]]></category>
		<category><![CDATA[America]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12355</guid>

					<description><![CDATA[<p>Some news’ improvement amongst the negative developments in the Middle East (again) &#8211; US inflation went down to 3.5%, somewhat unexpectedly. That should give some respite in interest rates and the strength of the Dollar. Meantime, here at home our economy grew by 0.1%, led by services. It’s not much and it is primarily a [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2026/07/18/spacex-shares-fall/">The good, the bad and SpaceX</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>PM resigns &#8211; will uncertainty reign?</title>
		<link>https://www.miltonpj.net/2026/06/26/will-economy-improve-with-starmer-resignation/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Fri, 26 Jun 2026 12:28:43 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[pension funds]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Prime Minister]]></category>
		<category><![CDATA[UK stock markets]]></category>
		<category><![CDATA[Prime Minister resigns]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[Bank of England]]></category>
		<category><![CDATA[market reaction]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Keir Starmer]]></category>
		<category><![CDATA[UK economy]]></category>
		<category><![CDATA[Andy Burnham]]></category>
		<category><![CDATA[Labour]]></category>
		<category><![CDATA[by-elections]]></category>
		<category><![CDATA[interest rates UK]]></category>
		<category><![CDATA[Parliament]]></category>
		<category><![CDATA[gilt bonds]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12329</guid>

					<description><![CDATA[<p>Goodbye Sir Keir, hello tomorrow. Sadly, I fear he won’t be missed greatly and with negligible legacy to remember though we must recognise that any such change creates opportunity for uncertainty. It may seem that a certain new MP is crowned without competition. We can then only hope he will have better economics than the [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2026/06/26/will-economy-improve-with-starmer-resignation/">PM resigns &#8211; will uncertainty reign?</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>Markets, US highs and ongoing uncertainty</title>
		<link>https://www.miltonpj.net/2026/05/06/markets-uncertainty-and-us-highs/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Wed, 06 May 2026 16:36:29 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[interest rates UK]]></category>
		<category><![CDATA[losing money]]></category>
		<category><![CDATA[assets]]></category>
		<category><![CDATA[Philip Milton Comment]]></category>
		<category><![CDATA[pension funds]]></category>
		<category><![CDATA[Philip J Milton]]></category>
		<category><![CDATA[Rachel Reeves]]></category>
		<category><![CDATA[FTSE100]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[UK stock market]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[Bank of England]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[FTSE250]]></category>
		<category><![CDATA[slump]]></category>
		<category><![CDATA[US stock market]]></category>
		<category><![CDATA[sustainable income]]></category>
		<category><![CDATA[risk]]></category>
		<category><![CDATA[transferring investments]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12289</guid>

					<description><![CDATA[<p>Just for a change, it is very difficult to interpret what is happening at the moment and to note the effects on markets. I say that tongue in cheek as of course, it is always difficult and when it appears that it isn’t, that is when complacency can preface an upset, so beware! The US [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2026/05/06/markets-uncertainty-and-us-highs/">Markets, US highs and ongoing uncertainty</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>Global uncertainty but spring is here</title>
		<link>https://www.miltonpj.net/2026/04/04/spring-arrives-amid-global-uncertainty/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Sat, 04 Apr 2026 11:55:58 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[attendance allowance]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[Philip J Milton]]></category>
		<category><![CDATA[Iran]]></category>
		<category><![CDATA[oil prices]]></category>
		<category><![CDATA[gas prices]]></category>
		<category><![CDATA[Philip J Milton comment]]></category>
		<category><![CDATA[Iran war]]></category>
		<category><![CDATA[uncertainty]]></category>
		<category><![CDATA[Iran conflict]]></category>
		<category><![CDATA[interest rates UK]]></category>
		<category><![CDATA[spring]]></category>
		<category><![CDATA[CGT]]></category>
		<category><![CDATA[Easter]]></category>
		<category><![CDATA[pension funds]]></category>
		<category><![CDATA[Brent Crude]]></category>
		<category><![CDATA[Rachel Reeves]]></category>
		<category><![CDATA[dementia]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12269</guid>

					<description><![CDATA[<p>Welcome to spring and longer days (with all the clocks springing forward too). It’s always lovely to see new life bursting forth, oblivious to everything else happening in the world and ever was it thus. In this we have something to appreciate, regardless of all the geopolitical traumas or indeed personal afflictions which may be [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2026/04/04/spring-arrives-amid-global-uncertainty/">Global uncertainty but spring is here</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>Is the economy in good hands?</title>
		<link>https://www.miltonpj.net/2025/12/18/is-the-economy-in-good-hands/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Thu, 18 Dec 2025 10:00:00 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[bullion]]></category>
		<category><![CDATA[Budget advice]]></category>
		<category><![CDATA[investing. JP Morgan]]></category>
		<category><![CDATA[autumn Budget]]></category>
		<category><![CDATA[tax hikes]]></category>
		<category><![CDATA[Budget Day]]></category>
		<category><![CDATA[investment trusts]]></category>
		<category><![CDATA[pension funds]]></category>
		<category><![CDATA[Philip J Milton comment]]></category>
		<category><![CDATA[Labour Budget]]></category>
		<category><![CDATA[silver]]></category>
		<category><![CDATA[budget reaction]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[UK stock markets]]></category>
		<category><![CDATA[UK economy]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[ESG]]></category>
		<category><![CDATA[gilt bonds]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12122</guid>

					<description><![CDATA[<p>So we enter a new era with Labour ‘less trusted on the economy than Liz Truss’ Conservatives according to the last YouGov Poll. Indeed, the descent of the Labour dream seems to have been as sharp as the fall in YouGov’s share price now somewhat sorry for itself too and like Labour’s fortunes.  I predict [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2025/12/18/is-the-economy-in-good-hands/">Is the economy in good hands?</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>Welcome to our new clients</title>
		<link>https://www.miltonpj.net/2025/11/24/clients-new-and-old-very-welcome/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Mon, 24 Nov 2025 14:56:46 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[bonds]]></category>
		<category><![CDATA[good advice]]></category>
		<category><![CDATA[Budget advice]]></category>
		<category><![CDATA[UK Budget]]></category>
		<category><![CDATA[Philip J Milton]]></category>
		<category><![CDATA[autumn Budget]]></category>
		<category><![CDATA[share prices]]></category>
		<category><![CDATA[tax hikes]]></category>
		<category><![CDATA[dividends]]></category>
		<category><![CDATA[CGT]]></category>
		<category><![CDATA[investment trusts]]></category>
		<category><![CDATA[pension funds]]></category>
		<category><![CDATA[Philip J Milton comment]]></category>
		<category><![CDATA[Rachel Reeves]]></category>
		<category><![CDATA[portfolio]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[clients]]></category>
		<category><![CDATA[value investors]]></category>
		<category><![CDATA[ISA]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12078</guid>

					<description><![CDATA[<p>Good afternoon. It is a pleasure to welcome a number of new clients bringing funds to our fold – thank you very much indeed for the confidence expressed and looking forward to having you in our Elite Club! We don’t take ‘just anybody’, either! We guarantee one thing – that we shall try our best [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2025/11/24/clients-new-and-old-very-welcome/">Welcome to our new clients</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>What the Chancellor should be saying in a pre-Budget speech…</title>
		<link>https://www.miltonpj.net/2025/11/12/chancellor-gives-pre-budget-speech-joke/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Wed, 12 Nov 2025 09:00:00 +0000</pubDate>
				<category><![CDATA[Weekly Columns]]></category>
		<category><![CDATA[UK stock markets]]></category>
		<category><![CDATA[chancellor Rachel Reeves]]></category>
		<category><![CDATA[Philip J Milton]]></category>
		<category><![CDATA[Budget 2025]]></category>
		<category><![CDATA[financial scams]]></category>
		<category><![CDATA[Parliament]]></category>
		<category><![CDATA[UK Budget]]></category>
		<category><![CDATA[autumn Budget]]></category>
		<category><![CDATA[the Budget]]></category>
		<category><![CDATA[tax increases]]></category>
		<category><![CDATA[pension funds]]></category>
		<category><![CDATA[Rachel Reeves]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12096</guid>

					<description><![CDATA[<p>We try not to do politics in these columns but following headlines suggesting Chancellor Rachel Reeves may well become the first to increase Income Tax in 50 years in fact (breaking manifesto pledges in the process), we had a little go at envisaging her speech before the November 26 Budget. (The following is tongue in [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2025/11/12/chancellor-gives-pre-budget-speech-joke/">What the Chancellor should be saying in a pre-Budget speech…</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>A message from the Chancellor&#8230;</title>
		<link>https://www.miltonpj.net/2025/11/07/chancellor-pre-budget-speech/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Fri, 07 Nov 2025 17:30:00 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[autumn Budget]]></category>
		<category><![CDATA[pre budget advice]]></category>
		<category><![CDATA[pensions]]></category>
		<category><![CDATA[tax hikes]]></category>
		<category><![CDATA[tax rises]]></category>
		<category><![CDATA[income tax]]></category>
		<category><![CDATA[CGT]]></category>
		<category><![CDATA[chancellor]]></category>
		<category><![CDATA[the Budget]]></category>
		<category><![CDATA[UK economy]]></category>
		<category><![CDATA[tax free lump sum]]></category>
		<category><![CDATA[seeking advice]]></category>
		<category><![CDATA[pension funds]]></category>
		<category><![CDATA[drawing from pension]]></category>
		<category><![CDATA[Rachel Reeves]]></category>
		<category><![CDATA[scammers]]></category>
		<category><![CDATA[Labour Budget]]></category>
		<category><![CDATA[Parliament]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Budget advice]]></category>
		<category><![CDATA[chancellor Rachel Reeves]]></category>
		<category><![CDATA[Philip Milton Comment]]></category>
		<category><![CDATA[UK Budget]]></category>
		<category><![CDATA[unemployment]]></category>
		<category><![CDATA[Philip J Milton]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12068</guid>

					<description><![CDATA[<p>Good afternoon. I have just returned from a relaxing and much-needed break which took us to bustling Hungary, Slovakia and Austria. Yes, I took the computer though the inbox defied my occasional review so apologies if you are still awaiting my reply! I returned to an unexpected speech from our Chancellor. I should like to [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2025/11/07/chancellor-pre-budget-speech/">A message from the Chancellor&#8230;</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>A bad Budget for business?</title>
		<link>https://www.miltonpj.net/2024/10/31/was-the-budget-2024-bad-for-business/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Thu, 31 Oct 2024 14:28:23 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[Budget]]></category>
		<category><![CDATA[autumn]]></category>
		<category><![CDATA[chancellor]]></category>
		<category><![CDATA[2024]]></category>
		<category><![CDATA[pension planning]]></category>
		<category><![CDATA[estate planning]]></category>
		<category><![CDATA[Bank of England]]></category>
		<category><![CDATA[autumn Budget]]></category>
		<category><![CDATA[shareholders]]></category>
		<category><![CDATA[Budget 2024]]></category>
		<category><![CDATA[Gilts]]></category>
		<category><![CDATA[tax increases]]></category>
		<category><![CDATA[stock trading]]></category>
		<category><![CDATA[pension funds]]></category>
		<category><![CDATA[IHT]]></category>
		<category><![CDATA[pension tax free lump sum]]></category>
		<category><![CDATA[ISAs]]></category>
		<category><![CDATA[Philip Milton Comment]]></category>
		<category><![CDATA[IFA]]></category>
		<category><![CDATA[Philip Milton]]></category>
		<category><![CDATA[FTSE250]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=11465</guid>

					<description><![CDATA[<p>Welcome to the Budget. I suppose we can say ‘it wasn’t as bad as it could have been’ (as inferred previously that perhaps the snowstorm of released rumours was designed to frighten everyone witless) but there were some very nasty things in there impacting many people. I (nor independent commentators) don’t think she needed to [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2024/10/31/was-the-budget-2024-bad-for-business/">A bad Budget for business?</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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