British pension savers are poised to gain from Donald Trump’s election victory, as the former US president’s pro-business stance boosts stock markets, particularly in the United States.
Andrew Evans, group chief executive of Smart Pension, a leading UK retirement business, highlighted the positive impact of rising US markets on UK pensions with investments in American assets.
Evans said, “American markets have been incredibly bullish since Trump’s victory, benefiting UK pension savers with funds tied to US assets, whether they realise it or not.”
Smart Pension, which manages retirement savings for 1.4 million people, has 52% of its main fund invested in the US. Following Trump’s election, the S&P 500 surged by 5% to a record high of 6,001.35 points. Although it has since dipped slightly to 5,863.69 points, the index remains 2.6% higher than its pre-election level and up 12.8% since August. Similarly, the Nasdaq Composite Index hit record highs and is still up 2.6% compared to November 4.
Despite concerns over Trump’s trade policies, which some economists warn could disrupt global markets and fuel inflation, investors remain optimistic about his corporate tax cut promises and pro-growth agenda. Evans noted, “Trump’s policies promoting American growth and company assets will benefit global pension funds.”
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