Much of the focus this week remained on geopolitics. Oil prices see-sawed throughout the week, while government bond yields moved higher across the UK, U.S. and Europe as stronger-than-expected economic data added to expectations that central banks may need to raise interest rates further.

Markets have had a cautious start to the week, with equities drifting lower as a selloff in government bonds weighed on risk appetite. U.S. Treasury yields spiked on Tuesday as investors increasingly priced in a higher-for-longer interest rate environment, with the move reverberating across global fixed income markets and pushing sovereign bond yields higher in other major economies.

UK employees are seeking support with their pensions, but many are turning to informal or unregulated sources, while others are not taking any action at all, according to new research from financial wellbeing and retirement specialist WEALTH at work.

Despite widespread concerns about retirement affordability, many UK workers are failing to actively engage with their pension savings, according to new research from financial wellbeing and retirement specialist WEALTH at work.