CHAIRMAN’S LETTER
02
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THE INVESTOR
FOR FURTHER INFORMATION ON ANY OF THE ARTICLES IN THIS ISSUE OF THE INVESTOR, PLEASE CONTACT YOUR ST. JAMES’S PLACE PARTNER
he Greek crisis may have been averted for now
and replaced in the headlines by events in China,
but the protracted and acrimonious negotiations
revealed deep disagreement between di erent
countries in the eurozone over how such crises
should be managed – disagreements that have
raised questions over the future of the euro. In our Analysis feature on
page 6, Jonathan Gregson considers the lessons learned.
Singapore celebrated its 50th anniversary of independence in the
summer, an event that highlighted its transformation from a small
British colony to a thriving nancial centre. We explore the island’s
history and consider what the future holds.
While China’s economy is slowing down, the US recovery is
nally taking hold after a slow start. Anthony Hilton explores the
challenges for the global economy of balancing the need to stimulate
growth in China and to manage the upturn in the US.
Pension reform is permanently on the government’s agenda. Yet
another review was announced in the last Budget, which is likely
to lead to further changes in the savings regime. We look at the
impact of the last major set of reforms on pensions saving, which
came into e ect in April, and consider what lies ahead.
I do hope the articles in this latest issue of
The Investor
will be
of interest to you. If you have any queries, please do not hesitate
to contact your St. James’s Place Partner.
■
D
AVID
L
AMB
Chairman, Investment Committee, St. James’s Place Wealth Management
T
