INVESTMENTS


There are 359 articles for the INVESTMENTS category

Builders and developers registered the highest number of new homes for 12 years in the last three months, with more than 43,000 recorded in the UK, according to the National House Building Council (NHBC)
Posted: 21/08/2019
Bank of England (BoE) governor Mark Carney has claimed the central bank will not pursue negative interest rates, a monetary policy method previously adopted by the European Central Bank (ECB) and Bank of Japan
Posted: 20/08/2019
Three quarters of advisers claimed there was a need for greater education and additional resources in the market to provide practical guidance on how to recognise and handle vulnerable clients
Posted: 19/08/2019
Landlords who are planning to add to portfolios in the next year, are much more likely to do so via a limited company vehicle, latest landlord research from Foundation Home Loans has revealed
Posted: 16/08/2019
A majority of landlords believe future government U-turns on the increase in stamp duty payable on additional property and on the phased-in cuts to mortgage interest tax relief, could provide a significant stimulus to both the buy-to-let and private rental sectors
Posted: 16/08/2019
More than a third (34 per cent) of investors have predicted a world-wide recession within the next 12 months, the highest proportion in eight years as trade war worries linger over global markets
Posted: 14/08/2019
deVere CEO and founder Nigel Green has claimed that Her Majesty’s Revenue and Customs’ (HMRC) latest bid to recover unpaid taxes on cryptocurrencies demonstrates that digital assets are the “future of money”
Posted: 14/08/2019
UK wage growth picked up to 3.9% in the year to June, the highest rate for 11 years, according to the ONS
Posted: 13/08/2019
More than half of landlords plan to use limited companies to buy properties in the year ahead underlining the ongoing transformation of the buy-to-let market
Posted: 13/08/2019
The investment company industry’s assets have passed the £200bn milestone for the first time, reaching a record £200.3bn on 31 July 2019, driven by the alternative sectors
Posted: 13/08/2019
Bridging loan books grew to a record £4.62bn at the end of the second quarter of this year, representing growth of 11.7% compared to Q1 2019 and an increase of 14.4% on the same quarter last year
Posted: 13/08/2019
A quarter of British adults agreed that seeing Unicorns and their initial public offerings (IPOs) fail or not fulfil their potential, such as Uber’s, has made investing into them less attractive
Posted: 12/08/2019
Experience Invest has announced the launch of Yieldbase – an online platform dedicated to the buying and selling of income-generating rental properties
Posted: 12/08/2019
The UK economy declined by 0.2 per cent between April and June, its worst recorded performance since 2012, according to data published by the Office for National Statistics (ONS)
Posted: 09/08/2019
UK adults spend an average of £1,093.90 each month on treats and non-essential items, despite having £371.30 in disposable income
Posted: 09/08/2019
Four Hargreaves Lansdown executives, including the chief executive, have said they will surrender their bonuses this year after the company supported Neil Woodford’s flagship fund up until its suspension
Posted: 08/08/2019
Over 55s claimed they would need to inherit an extra £184,484 to feel “comfortable” for the rest of their lives, according to research from SunLife
Posted: 07/08/2019
Investors should receive clearer warnings surrounding the risks of fund suspension, according to the Association of Investment Companies (AIC) chief executive Ian Sayers
Posted: 06/08/2019
Private equity investment in the UK has plummeted to its lowest level in over five years, with continued economic and geopolitical uncertainty leaving vendors wary of putting assets up for sale
Posted: 06/08/2019
As sterling reaches 31-month lows against the dollar, the Bank of England (BoE) has warned of consequences for the UK economy in the event of a no-deal Brexit
Posted: 02/08/2019
London Stock Exchange Group (LSE) revealed yesterday it had finalised a deal to acquire data firm Refinitiv in a transaction worth £22.3bn
Posted: 02/08/2019
The Bank of England’s (BoE) Monetary Policy Committee (MPC) voted unanimously to maintain bank rate at 0.75 per cent in its latest meeting
Posted: 01/08/2019
Neil Woodford has breached fund restrictions after two of his largest funds were delisted from the Guernsey stock exchange
Posted: 01/08/2019
Lloyds Banking Group has entered exclusive talks to purchase the £3.7bn mortgage book from the banking arm of supermarket giant Tesco
Posted: 31/07/2019
Neil Woodford’s flagship fund, the Woodford Equity Income Fund, will remain suspended until December, Link Fund Solutions, the Authorised Corporate Director (ACD) of the fund, said in a letter issued yesterday
Posted: 30/07/2019
The pound is going to continue to fall in the short to medium-term under Boris Johnson or Jeremy Corbyn, argued deVere Group founder and CEO Nigel Green
Posted: 30/07/2019
Transaction volumes on the London Stock Exchange (LSE) were down by almost 25 per cent in the first half of 2019 compared to the same period in 2018, with The Share Centre blaming the drop on Brexit uncertainty
Posted: 29/07/2019
More than 60 per cent of financial advisers claimed there has been insufficient industry focus on decumulation solutions and predict this area will grow exponentially within the next five years
Posted: 29/07/2019
Boris Johnson's promise to fix problems with the Lifetime Allowance (LTA) should cover all pension savers in the UK, not just NHS doctors, says Salisbury House Wealth
Posted: 26/07/2019
After being dubbed as the favourite by many and winning today’s Tory leadership race, deVere Group CEO and founder Nigel Green claimed the pound will “not drop too much” or “for too long”
Posted: 23/07/2019
Asset managers are beginning to regain some initiative after having control of the market taken away from them as a result of the Retail Distribution Review (RDR) in Q4 2012, according to Platforum research director Richard Bradley
Posted: 22/07/2019
A quarter of UK investors currently hold investments they want to liquidate but are unable to as a result of unexpected fees, research from Experience Invest has revealed
Posted: 19/07/2019
Bitcoin, the world’s largest cryptocurrency by market value, jumped 9 per cent on Thursday, despite U.S. lawmakers’ and Trump’s recent criticisms of digital assets, with the U.S. president last week tweeting they were “based on thin air”
Posted: 19/07/2019
Investors estimated that platform fees would cost an average of £7,400, undervaluing the true £12,500 cost by more than £5,000, according to research from AFH Wealth Management
Posted: 18/07/2019
The Consumer Prices Index rate of inflation remained at the Bank of England’s 2 per cent target in the 12 months to June 2019, the Office for National Statistics has revealed
Posted: 17/07/2019
The UK FinTech sector is on course for a record year, with investment in the first half of 2019 reaching $2.9 billion across 123 deals, up 45 per cent on 2018
Posted: 16/07/2019
Several asset managers have been criticised for investing in companies that have provided surveillance tools to China, exposing pension savers and other investors to investments that “contribute” to “violations of human rights”
Posted: 16/07/2019
President Trump has hit out at Facebook’s plan to launch the Libra digital currency and has said that the social media giant must apply to become a licensed bank if it wishes to operate in the US
Posted: 12/07/2019
Facebook’s plans to launch a digital currency have come under pressure from the US federal reserve chairman, who warned that the plan “cannot go forward” unless regulatory concerns over data privacy and financial stability have been dealt with
Posted: 12/07/2019
Young people are predicting a revival of High Street banks in the coming years despite the arrival of the cashless economy and digital banking, according to a new study
Posted: 11/07/2019
High-net-worth (HNW) individuals will increasingly be seeking to Corbyn-proof their finances, according to deVere Group CEO and founder Nigel Green
Posted: 10/07/2019
Investors have a lack of understanding of some of the fundamental risks associated with investing through property investment platforms, according to new research from property lender Fitzrovia Finance
Posted: 09/07/2019
Cryptocurrencies such as Bitcoin could play a significant role in reshaping the UK’s financial services sector post-Brexit, repairing the “unprecedented damage” inflicted on the UK as a result of the uncertainty, according to deVere CEO and founder Nigel Green
Posted: 09/07/2019
Thousands of jobs are at risk in London after Deutsche Bank announced it will cut 18,000 roles globally in an attempt to stem its 10-year decline
Posted: 08/07/2019
Societe Generale has reportedly made plans to sell its UK private banking arm, after having made a major acquisition to expand the business just three years ago
Posted: 05/07/2019
UK peer-to-peer (P2P) lender RateSetter have revealed that at the end of June its ISA had attracted more than £250m in subscriptions, since being launched in February 2018
Posted: 04/07/2019
Moneybox has today announced the launch of its Cash Lifetime ISA (LISA), in partnership with OakNorth Bank, offering a market-leading interest rate of 1.4 per cent
Posted: 02/07/2019
Just under half (45 per cent) of advisers have predicted worsening volatility over the coming year, according to research published by TIME Investments
Posted: 02/07/2019
Over a third (36 per cent) of British adults – 18 million people – are concerned that their finances will worsen post-Brexit, up from 32 per cent six months ago, according to a YouGov survey conducted on behalf of Royal London
Posted: 01/07/2019
Pensions consultancy firm XPS Pensions Group share price dropped by 65 pence per share yesterday (27 June) despite a recording a 75 per cent growth in total revenue
Posted: 01/07/2019
The direct financial impact of Brexit on major financial services firms in the UK has almost reached £4bn, as of 31 May 2019, EY’s Financial Services Brexit Tracker revealed
Posted: 28/06/2019
With Austria set to launch a new 100-year bond, Royal London Asset Management (RLAM) head of fixed income Jonathan Platt questioned why the UK has not introduced something similar, stating that it has “lost the sense of ‘seizing the moment’ to make transformational change”
Posted: 27/06/2019
Following the announcement of Facebook diving into the world of cryptoassets with its own virtual currency, Libra, eToro analyst Simon Peters has predicted the value of Bitcoin could soar to $50,000 “or even $100,000” this year
Posted: 27/06/2019
Ahead of the G20 summit taking place in Osaka, Japan, this week, deVere CEO and founder Nigel Green said leaders must take decisive steps towards a multilateral cryptocurrency regulatory framework, arguing that failure to do so would be “irresponsible and negligent”
Posted: 26/06/2019
Advisers must “call out” bad practice in the financial services industry, as it “affects the reputation of our profession and ultimately our customers”, Pimfa chief executive Liz Field said
Posted: 25/06/2019
The continued pursuit of various opportunistic strategies in the credit derivatives markets, including but not limited to those that have been referred to as ‘manufactured credit events’, may adversely affect the integrity, confidence and reputation of the credit derivatives markets, as well as markets more generally, the FCA has said in a joint statement
Posted: 25/06/2019
The Investment Association is due to announce a new long-term asset fund structure that will limit when people can sell their investments in order to avoid the liquidity problems that have beset the Woodford Equity Income fund
Posted: 24/06/2019
Lloyds Banking Group has reportedly frozen 8,000 accounts of offshore banking customers amid a regulatory clampdown on money laundering
Posted: 24/06/2019
The later life lending market is set to almost double in size over the next decade, new research from the Centre for Economics and Business Research (Cebr) commissioned by equity release lender more 2 life has revealed
Posted: 24/06/2019
Facebook’s jump into cryptocurrencies is another “nail in the coffin” for traditional banks, according to deVere Group CEO and founder Nigel Green
Posted: 21/06/2019
The Bank of England’s governor has backed various FinTech initiatives, including opening its balance sheet to new payment providers like Facebook’s cryptocurrency
Posted: 21/06/2019
Investec Structured Property Finance (Investec) has announced that it has agreed to provide Valor Real Estate Partners (Valor), a pan-European industrial real estate investor, with a £27m senior loan, to fund the speculative development of a 153,000 sq ft Grade A urban logistics park in Mitcham, South London
Posted: 20/06/2019
The Consumer Prices Index (CPI) rate of inflation dropped to 2 per cent in May 2019, down from 2.1 per cent in April 2019, hitting the Bank of England’s target rate
Posted: 19/06/2019
UK assets and the pound can be expected to fall further, according to deVere Group CEO Nigel Green, who highlighted that the debate between the five men vying to become the next Prime Minister “underscores that the pound can be expected to fall further"
Posted: 19/06/2019
Facebook expects its cryptocurrency ecosystem called Calibra, including a digital currency and wallet, to go live in 2020
Posted: 18/06/2019
A group of 88 investors, including the Environment Agency Pension Fund (EAPF), have urged 707 of some of the world’s largest companies to start disclosing their environmental information
Posted: 18/06/0219
According to a Freedom of Information (FOI) request submitted by AJ Bell, 286,000 Lifetime ISA (LISA) accounts have been opened since the savings product launched in April 2017
Posted: 17/06/2019
Wealth managers believe that delivering highly personalised services is essential to achieve a competitive differentiation, but a third are being held back from doing so by old technology
Posted: 17/06/2019
Another of Neil Woodford’s funds, the Income Focus fund, has shrunk by more than £100m in less than two weeks, with Hargreaves Lansdown withdrawing £45m
Posted: 14/06/2019
If Boris Johnson were to win a general election, deVere Group CEO and founder Nigel Green has warned that UK asset prices and the pound would tumble
Posted: 13/06/2019
Almost half (45 per cent) of those over the age of 30 are most likely to ask their parents for financial support, according to research from Portafina
Posted: 13/06/2019
The number of over 50s not just supporting their children, but also their grandchildren, is increasing, as the older generations gift £53bn per year to their families, research from Saga Money has revealed
Posted: 12/06/2019
The Financial Conduct Authority (FCA) has come under scrutiny from the Treasury Select Committee (TSC) over the suspension of Neil Woodford’s LF Woodford Equity Income Fund
Posted: 11/06/2019
Following the decision to suspend his Woodford Equity Income Fund, Neil Woodford has apologised to investors, claiming to be “extremely sorry”
Posted: 05/06/019
HSBC, Europe’s largest lender, is set to appoint Morgan Stanley as one of two joint corporate brokers to replace Goldman Sachs
Posted: 05/06/019
Europe’s largest lender, HSBC, has announced it will bring an end to its corporate broking relationship with Goldman Sachs, putting an end to the pair’s long relationship
Posted: 04/06/2019
Neil Woodford’s flagship fund, the Woodford Equity Income Fund, suspended trading yesterday evening after the number of investors cashing out increased
Posted: 04/06/2019
Banking Competition Remedies (BCR), the independent body established to implement the £775 million Royal Bank of Scotland State Aid Alternative Remedies Package, has opened the second application window for the Incentivised Switching Scheme (ISS)
Posted: 03/06/2019
A majority of fund managers are not taking into account “best practice” public voting policies on climate change, gender and ethnic diversity, research from the Association of Member Nominated Trustees (ANMT) has found
Posted: 31/05/2019
In its latest Household Finance Update for April 2019, UK Finance revealed that deposits held in instance access accounts were 2.4 per cent higher than last April, with Growth Street CEO Greg Carter stating that savers are “unaware” that their money is “sitting stagnant”
Posted: 30/05/2019
Over a third (35 per cent) of wealthy women do not invest due to a lack of confidence, compared to just 17 per cent of men, according to poll from Canaccord Genuity and YouGov
Posted: 29/05/2019
With the UK’s sluggish economic growth not looking likely to improve any time soon, all three major lending classes are set to grow less than two per cent this year, according to data published by the EY Item Club
Posted: 28/05/2019
Any positive impact of a second Brexit referendum on financial markets would be “offset” by a win by Jeremy Corbyn’s Labour party, warned deVere Group CEO Nigel Green
Posted: 28/05/2019
Prime Minister Theresa May announced she will be resigning from her post on 7 June and, according to deVere Group CEO Nigel Green, the pound and UK-based assets “could be expected to decrease in value” as a result
Posted: 24/05/2019
Following the announcement that Prime Minister Theresa May will resign on 7 June, Willis Owen head of personal investing Adrian Lowcock noted that international investors are “likely to sit on the sidelines and await some clarity”
Posted: 24/05/2019
Facebook is reportedly planning to launch its own cryptocurrency and digital payments in 2020
Posted: 24/05/2019
More than a third of MPs have backed a campaign for their parliamentary pension scheme to not include investments in non-renewable energy ahead of a parliamentary debate on the subject later today (22 May)
Posted: 23/05/2019
The Consumer Prices Index (CPI) rate of inflation increased to 2.1 per cent in April 2019, up from 1.9 per cent in the 12 months to March 2019, the Office for National Statistics (ONS) has revealed
Posted: 22/05/2019
The Financial Conduct Authority (FCA) and Action Fraud have warned the public to be wary of investment scams carried out via bogus online trading platforms
Posted: 21/05/2019
An average adult in the UK does not begin to feel concerned about their debt level until it hits £6,012, a study commissioned by Salary Finance revealed
Posted: 20/05/2019
Investec shuttered its Click & Invest robo-advisory service, recording a £12.8 million operating loss on the business after attracting fewer investors than expected
Posted: 17/05/2019
The Pensions Regulator (TPR) is targeting “law-breaking” employers with new compliance checks up and down the country
Posted: 16/05/2019
Bitcoin experienced a further surge in value as it broke through the $8,000 (£6,174) mark, the highest level the cryptocurrency has reached in a year, after hitting a nine-month high at the weekend
Posted: 14/05/2019
Cryptocurrency platform Binance has confirmed that hackers have stolen 7,000 bitcoin with a value of more than $41 million
Posted: 08/05/2019
Adults in the UK could be losing out on a combined £100m a year by not investing their savings, according to research published by Yolt
Posted: 08/05/2019
Wealthy investors have recently displayed more optimism about the impact of Brexit on the UK economy, despite ongoing uncertainty, according to the latest UBS Wealth Management investor sentiment survey
Posted: 08/05/2019
The Financial Conduct Authority (FCA) has today published a call for evidence on the impact of the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR)
Posted: 01/05/2019
The number of cash ISAs subscribed to fell by 697,000 in the 2017/18 period, while the number of savers subscribing to stocks and shares ISAs increased by 246,000, data from HM Revenue & Customs (HMRC) revealed
Posted: 30/04/2019
The UK ranked as the third-most popular nation for investment, with the total value of foreign investment stock in the UK increasing by 5 per cent to $1.9trn (£1.5trn) at the end of 2018, figures released yesterday revealed
Posted: 30/04/2019
The number of reported investment fraud cases experienced a sharp increase in 2018, rising by 74 per cent to 6,890, up from 3,950 in 2017, data has revealed
Posted: 29/04/2019
Discussions of a potential merger between Germany’s two largest lenders, Deutsche Bank and Commerzbank, yesterday collapsed
Posted: 26/04/2019
Two thirds of Europeans have faith that cryptocurrencies will still exist in 10 years’ time, however the majority are still uncertain to how they will be used
Posted: 24/04/2019
The gulf between earnings and property price inflation has shrunk considerably across the UK in recent years, new research from Halifax has revealed
Posted: 23/04/2019
Stamp duty on share purchases has been dubbed as big of a deterrent to investment in the UK as Brexit, research has found
Posted: 23/04/2019
Over four million Brits admitted they do not have the mental capacity to make the right choices when it comes to tackling difficult decisions, research from Scottish Widows revealed
Posted: 18/04/2019
Adults in the UK spend £83bn on home improvements each year, research from digital bank Zopa has revealed
Posted: 18/04/2019
Almost 12 million adults in the UK have confessed to openly discussing their finances with family and friends to avoid any mental or emotional health issues, new research has found
Posted: 15/04/2019
The Office for National Statistics (ONS) will receive a funding boost of £9m to develop new methodologies for measuring how the UK economy is performing, Chancellor Philip Hammond announced today
Posted: 12/04/2019
The Financial Conduct Authority (FCA) is warning General Insurance (GI) firms about manufacturing, sales and distribution approaches that can lead to customers purchasing inappropriate products, paying excessive prices or receiving poor service
Posted: 11/04/2019
The pound is expected to rally following the news that EU leaders have agreed a delay to Brexit to 31 October along with a review in June
Posted: 11/04/2019
As we approach the end of the 2018/19 tax year, The Share Centre has highlighted that investors “scramble” to use their annual tax-free allowance before the midnight deadline on 5 April, losing out on valuable growth
Posted: 08/04/2019
More than half of all UK consumers have at least one bank account they no longer use, but have not yet closed, as many open new accounts with challenger banks because they offer enticing personalised features
Posted: 04/04/2019
In 2018, 657,930 people contacted StepChange Debt Charity seeking advice, up from 619,946 in 2017, the charity revealed
Posted: 03/04/2019
Expectations of a 2019 interest rate hike from the Bank of England (BoE) are currently at their lowest level, at under 5 per cent, Hargreaves Lansdown revealed
Posted: 02/04/2019
Those who invested their full ISA allowance into the FTSE 100 at the start of each financial year, over the past 20 years, would have seen their ISA value grow to £353,064, research from Willis Owen revealed
Posted: 01/04/2019
The common equity tier 1 (CET1) capital ratio for the UK’s banking sector increased by 0.1 per cent in the final quarter of 2018, rising to 15.5 per cent, the Bank of England (BoE) revealed
Posted: 28/03/2019
The bulk annuity market has exceeded £24bn in pension scheme buy-in and buyout transactions in 2018 for the first time in history, new research from Barnett Waddingham has revealed
Posted: 26/03/2019
JP Morgan is asking approximately 300 of its UK staff based in London to sign a new contract that will require them to move to one of the bank’s other hubs across the European Union (EU), in the event of a no-deal Brexit
Posted: 26/03/2019
Over the last ten years, savers could have earned £24,340 more if they had invested their full allowance at the start of the tax year, rather than waiting until the last-minute to invest, Hargreaves Lansdown found
Posted: 25/03/2019
An estimated 1.25 million people are set to breach the current Lifetime Allowance (LTA) limit for pensions tax relief, according to new research from Royal London
Posted: 25/03/2019
Almost half (45%) of all UK adults are in debt and, according to research from comparethemarket.com, 90% of them are suffering from stress and anxiety as a direct result of their financial situation
Posted: 22/03/2019
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has today voted unanimously to maintain bank rate at 0.75 per cent
Posted: 21/03/2019
The Consumer Prices Index rate of inflation rose steadily to 1.9 per cent in the 12 months to February 2019, up from 1.8 per cent in January 2019, according to the Office for National Statistics (ONS)
Posted: 20/03/2019
A majority of adults in the UK have claimed that they do not know how manage their finances in a responsible manner, with just 34% feeling “in control”, while over half (57%) were not aware exactly of how much they had in their account, according to a survey conducted by Creditfix
Posted: 19/03/2019
Royal London director of policy, Steve Webb, has voiced his concern that the government’s proposed legislation for collective defined contribution schemes (CDC) was “very narrow in scope”
Posted: 18/03/2019
The winners of the inaugural Retail Asset Management Awards 2019 were announced last night at a glittering gala ceremony at the Waldorf Hotel in London attended by around 200 people
Posted: 15/03/2019
The Financial Conduct Authority (FCA) has today introduced a package of measures to support consumers who invest through investment platforms, allowing them to find and switch to the right one for them
Posted: 14/03/2019
Former Chancellor of the Exchequer, Alistair Darling, has warned of an erosion of trust between savers and the financial institutions which manage their money
Posted: 11/03/2019
The Financial Conduct Authority (FCA) has today published two pieces of research looking at UK consumer attitudes to cryptoassets - such as Bitcoin or Ether - indicating potential harms, including the fact that many consumers may not fully understand what they are purchasing
Posted: 07/03/2019
For the ninth month in a row, the Investment Association has revealed net outflows from funds held within ISAs, with £506m of fund redemptions recorded in January
Posted: 07/06/2019
Investors pulled £870m from equity funds in January, while absolute return funds have lost £3.4bn since summer 2018, AJ Bell has revealed
Posted: 07/03/2019
Aon has confirmed it is not pursuing the acquisition of Willis Towers Watson (WTW)
Posted: 06/03/2019
The government has revealed the new name for the Single Financial Guidance Body, which is to be known as the Money and Pensions Service
Posted: 04/03/2019
Savers have missed out on at least £188bn in lost interest over the past ten years, which amounts to £7,701 per household, Hargreaves Lansdown revealed
Posted: 04/03/2019
An investor that used all of their ISA allowance to invest in the UK stock market through a tracker over the past 20 years could have earned £163,349 after charges, according to Willis Owen
Posted: 04/03/2019
The Financial Conduct Authority (FCA) has today raised concerns about the way financial advisers are disclosing costs and charges
Posted: 28/02/2019
Less than 2% of the 3.5 million people thought to be eligible for the Help to Save scheme are currently paying into it, HMRC statistics have shown
Posted: 28/02/2019
The finances of 10,500 borrowers are being "damaged from beyond the grave" by collapsed payday lender Wonga, according to a committee of MPs
Posted: 27/02/2019
Shares in Metro Bank have plunged sharply after it announced a £350m share placement in an effort to contain a crisis over an accounting error that is now being investigated by regulators
Posted: 27/02/2019
Despite baby boomers owning more than a third of the UK’s wealth, many in this age group are missing out on a potential investment gains as they lack confidence and knowledge about where to invest their money, research by savings and investment company Aegon has found
Posted: 27/02/2019
Approximately half (49%) of the population have claimed that they rate the provider’s social values, such as consistency, reliability, trustworthiness and treating customers fairly, as important as the potential returns, new research from Foresters Friendly Society has found
Posted: 25/02/2019
Schroders has announced the death after a short illness of its director Bruno Schroder aged 86 on 20 February
Posted: 21/02/2019
Regular reminders and updates on investments are a key reason why women are choosing to invest through an online website or mobile application, often for the first time, according to new research from Fidelity International
Posted: 19/02/2019
Almost half (49%) of institutional investors expect to increase their exposure to assets supporting and participating in energy transition by 2021, a new study has revealed
Posted: 15/02/2019
A majority of British savers (67%) have claimed they are concerned about the current volatility in the stock market, and it is putting them off investing, new research has found
Posted: 13/02/2019
Many FTSE 100 DC pension schemes are leaving their UK staff’s savings “highly exposed to climate risks”, according to new research from ShareAction
Posted: 13/02/2019
Royal Bank of Scotland (RBS) shareholders have agreed to a plan that allows it to buy up to £1.5bn worth of shares from the government, just hours after the Labour party announced it would prevent such a move if it came to power
Posted: 07/02/2019
One in four adults will be relying on family and friends to lend them cash, as they feel the January squeeze on finances, new research from Charter Savings Bank has revealed
Posted: 07/02/2019
Insurance firm Royal London has received approval to transfer more than £1bn worth of assets to Ireland as it ramps up its Brexit contingency planning
Posted: 06/02/2019
Victims of investment fraud lost over £197m in 2018 as scammers use increasingly “sophisticated tactics” to persuade people to invest their savings, according to new figures from Action Fraud
Posted: 06/02/2019
The Financial Conduct Authority (FCA) yesterday published new rules and guidance to improve the quality of the information available to consumers about the funds they invest in
Posted: 05/02/2019
Savers can now invest in premium bonds with just £25, as National Savings & Investments (NS&I) has today announced the reduction of the minimum initial investment for premium bonds from £100 to £25
Posted: 01/02/2019
The amount of cash people are holding has almost doubled from £363bn in 2001-2003 to £711bn between 2014-16, according to the latest UK Personal Statistics published by HM Revenue & Customs
Posted: 31/01/2019
Despite the display of confidence in Prime Minister Theresa May as her Brexit deal received a majority vote in the House of Commons, the pound slipped from its twelve month high against the euro today
Posted: 30/01/2019
Personal insolvencies reached their highest levels since 2011, with individual voluntary arrangements (IVAs) at the highest annual level recorded, highlighting the requirement for more education, according to TDX Group head of financial difficulties Richard Haymes
Posted: 29/01/2019
Brexit has been named as the biggest threat for advice, chosen by just over half (51 per cent) of advisers surveyed in new research by Aegon
Posted: 29/01/2019
The Investment Association (IA) announced on Friday the launch of the first industry-wide consultation on sustainability and responsible investment
Posted: 28/01/2019
The UK’s largest mutual life, pensions and investment company Royal London has reunited 36,000 customers with lost ‘penny policies’, holding a value of more than £14m
Posted: 25/01/2019
Between September and November the number of those in employment significantly increased when compared to the figure recorded for the period between June and August, which will prove to be encouraging for both women and investors alike, according to industry professionals
Posted: 22/01/2019
A quarter of high-net worth (HNW) investors (those with over £100,000 in investable assets) currently hold more than 50% of their wealth in cash, according to new research from Rathbone Investment Management
Posted: 21/01/2019
Just over two thirds (67%) of drawdown investors who said they would be concerned by stock market fluctuations, claimed that markets would need to fall by 7.5% on average in a single day to spook investors enough to review and move their money, new research has found
Posted: 21/01/2019
The ISA was introduced 20 years ago in April 1999 and, in that time, £8.74trn has been placed in the savings vehicle, while an estimated £30bn has been saved in income tax, according to Hargreaves Lansdown
Posted: 14/01/2019
The Retail Asset Management Awards 2019 shortlist has been revealed
Posted: 04/01/2019
Eleven banks have been selected to join a £350m scheme designed to encourage small businesses to move away from RBS in a bid to increase competition
Posted: 20/12/2018
The European bank which funds international development will cease paying for coal projects in a bid to reduce carbon emissions, it announced yesterday
Posted: 13/12/2018
A relatively high proportion of advisers (22%) are unsure of what asset class they would expect to generate the best returns over the next year, new research has found
Posted: 10/12/2018
Investors fled the markets in October, with net outflows of £1.6bn throughout the month, compared to inflows of £5.3bn last October, the latest Investment Association figures revealed
Posted: 06/12/2018
Advisers are increasingly optimistic about the future of the industry with growing numbers predicting expansion and happy to recommend financial advice as a career, new research from Prudential has revealed
Posted: 03/12/2018
Further to its announcement yesterday morning detailing its intention to proceed with its initial public offering (IPO), investment platform provider AJ Bell has confirmed that its price range prospectus has been approved by the Financial Conduct Authority (FCA)
Posted: 28/11/2018
Following its announcement on 19 November of its intention to proceed with an initial public offering (IPO), AJ Bell has today announced the price range and its intention to publish the prospectus later today
Posted: 27/11/2018
Advisers are increasingly optimistic that partnerships with accountants and solicitors will help drive new business in the coming year, according to new research published by Prudential
Posted: 26/11/2018
Less than one in ten (7 per cent) clients of retirement age claimed their adviser has introduced themselves to their adult children, according to new research from Zurich
Posted: 22/11/2018
Retirees are not taking action on their concerns about the impact of market volatility on their retirement income sustainability, according to new research from Aegon
Posted: 21/11/2018
Fears that the Lifetime ISA (LISA) could create a surge in auto-enrolment (AE) opt-outs appear to be misplaced, as a recent LISA study conducted by AJ Bell revealed that the vast majority (78%) of people contribute towards both the product and their workplace pension
Posted: 21/11/2018
Following its announcement on 8 November 2018, investment platform AJ Bell has today confirmed its intention to proceed with an initial public offering (IPO). The firm intends to apply for admission of its ordinary shares to the premium listing segment of the Official List of the Financial Conduct Authority (FCA), and to trading on the London Stock Exchange’s main market for listed securities
Posted: 19/11/2018
A majority of advisers (75%) are becoming increasingly convinced that robo-advice can help close the advice gap, exclusive research from Prudential has revealed
Posted: 16/11/2018
A rise in passive investing can “co-exist” alongside investors’ desire to preference investments that embody their values and longer-term goals, the Financial Conduct Authority has said
Posted: 07/11/2018
Advisers are increasing support for vulnerable clients and staff helping them as the sector responds to the growth in inquiries about later life advice, research conducted by Prudential revealed
Posted: 01/11/2018
As confirmed in today’s Autumn Budget by Chancellor Philip Hammond, National Savings and Investments (NS&I) has announced the minimum investment for premium bonds will be reduced from £100 to £25
Posted: 29/10/2018
A feasibility study around the introduction of a no-interest loan scheme, an alternative to short term high cost credit has today been launched by Chancellor Philip Hammond
Posted: 29/10/2018
The Royal Bank of Scotland (RBS) is set indicate whether it plans to continue paying dividends this week, as British lenders reveal their third quarter results
Posted: 27/10/2018
National Savings & Investments (NS&I) has recently revealed that 14% of Britons (7 million people) think they may have lost track of a financial product, drawing attention to the staggering amount of money left dormant with UK financial services providers
Posted: 16/10/2018
The average Brit underestimates the amount of money they need to retire by £169,000, according to new research by MoneySupermarket
Posted: 10/10/2018
Almost two thirds (73%) of NEST savers think it is important for pension schemes to consider the environment, society and corporate behaviour when investing their money, revealed a survey conducted by the corporation
Posted: 08/10/2018
Britain’s biggest high street lender Lloyds is in talks with Schroders over merging its £13bn wealth management branch into a new joint venture with the investment giant
Posted: 08/10/2018
Over half (51%) of 25 to 34 year olds do not feel financially resilient, meaning they would struggle to recover from a financial shock or loss of income, while a third of them have no savings, according to the Office for National Statistics (ONS) report How well are you doing compared with other young people?
Posted: 04/10/2018
Investors have continued to pull money from UK-focused funds in August, with a further £423m being withdrawn from the sector, revealed the latest figures from the Investment Association
Posted: 04/10/2018
Almost half (49%) of self-employed adults aged 25 and over are earning less than minimum wage – a total of two million people, new analysis published by the TUC has revealed today
Posted: 28/09/2018
The government is backing the Select Committee's recommendation that the Single Financial Guidance Body should signpost older people to mortgage brokers, banks and building societies who can offer advice on mortgages and equity release, shared ownership and shared equity, and on reinvesting the proceeds of sales
Posted: 28/09/2018
Labour leader Jeremy Corbyn has pledged to keep the triple lock if his party is elected
Posted: 27/09/2018
Goldman Sachs is today launching a savings account in the UK, with savers being offered an interest rate of 1.5 per cent
Posted: 27/09/2018
A total of 57% of IFAs would like a greater supply of ratings for ESG products to support client interest, according to latest research by HSBC Global Asset Management
Posted: 26/09/2018
A total of 10.8 million UK adults now consider themselves to be virtually cashless, using payment methods other than physical notes and coins to pay for lower value items
Posted: 25/09/2018
A total of 4.5 million UK adults took financial advice on investments, saving into a pension or retirement planning in the last 12 months – an increase of 1.3 million compared to the previous year
Posted: 25/09/2018
A total of £503.4m was stolen by criminals through authorised and unauthorised fraud in the first six months of 2018, new data from UK Finance has shown. During the same period, the finance industry prevented £705.7m of unauthorised fraud, equivalent to £2 in every £3 of attempted unauthorised fraud
Posted: 25/09/2018
Paragon has expanded its property finance portfolio following its £48m acquisition of Titlestone Property Finance
Posted: 24/09/2018
The next recession will be ‘worse than the Great Depression’ if two experts’ predictions about the worldwide debt of $247trn are correct
Posted: 24/09/2018
KAS Bank has developed a cost transparency dashboard to help asset owners understand and keep track of the costs involved in a pension scheme
Posted: 21/09/2018
AJ Bell has today announced that retail investors who want to apply for shares under AJ Bell’s planned initial public offering (IPO) need to be UK residents and have opened an account with the firm by 15 October 2018
Posted: 19/08/2018
Bitcoin will lose 50 per cent of its cryptocurrency market share to ethereum within five years, according to Thomas Crown Art co-founder Ian Mcloed
Posted: 18/09/2018
The government has announced the launch of its Help to Save scheme
Posted: 13/09/2018
The impact of the financial crisis has left people's wages 3% below what they were a decade ago, new research has revealed
Posted: 12/09/2018
The number of advisers’ clients choosing growth as their main priority when selecting an investment product has increased, rising from 28% in January 2018 to 37% in April 2018, according to figures from NS&I’s latest edition of its Financial Advice Barometer
Posted: 06/09/2018
Despite the price of Bitcoin rising, eToro market analyst Matthew Newton stated that it is way too early to call this a “true resurgence”
Posted: 05/09/2018
More than a quarter (27%) of millennials would take their investment out of a company if it faced allegations of misconduct or unethical behaviour, despite it achieving high returns, versus just 9% of those aged between 55 and 64, according to statistics from Rathbone Investment Management
Posted: 04/09/2018
Britain’s buy-to-let (B2L) landlords are divided over their future due to tax and market changes, with 44% of them looking to sell and just 56% planning to keep their existing properties and extend their portfolio, according to the latest research from Octopus Choice
Posted: 04/09/2018
Those who invested in a stocks and shares ISA 15 years ago could have enjoyed gains of almost double that experienced by individuals leaving money in cash over the same period, according to the latest figures from HM Revenue & Customs (HMRC)
Posted: 03/09/2018
Savers missed out on £31.2bn of potential extra income, despite cash deposits swelling to a new record by the end of 2017, according to latest research
Posted: 31/08/2018
The number of people using ISAs has fallen to the lowest level since 2000, but the amount saved increased year-on-year to almost £70bn, according to latest governmental figures
Posted: 31/08/2018
Customers could be in line for compensation after the FSCS declared nine firms in default
Posted: 31/08/2018
Wonga Group Limited and WDFC UK Limited (Wonga), have decided to place themselves into administration
Posted: 31/08/2018
Payday lender Wonga is no longer accepting new loan applications as it faces the brink of collapsing
Posted: 30/08/2018
In Q1 2018-19, NS&I delivered £3.1bn of Net Financing and delivered £36m of value to the taxpayer in Q1
Posted: 30/08/2018
Payday lender Wonga is on the brink of collapse, according to latest reports, following a deluge of customer compensation claims
Posted: 28/08/2018
Britain’s largest banks have paid out a total of £71bn for misconduct in the decade since the financial crisis, according to the Mail on Sunday
Posted: 28/08/2018
A total of £2 out of every £3 was stopped in attempted fraud last year
Posted: 22/08/2018
Cryptocurrency fraud has led to a total of £2m worth of losses this summer, according to latest figures published by Action Fraud
Posted: 21/08/18
Eighty-one per cent of consumers aged 55 or over feel they could take out an equity release plan without the help of a financial adviser, according to a new survey
Posted: 21/08/18
Brits have now fallen behind on bills, to the tune of £18.9bn, according to a new Citizens Advice report
Posted: 21/08/18
Sixty-two per cent of savers would prefer their savings, including their pensions, invested in assets that take climate change impacts into account, according to new research by ClientEarth
Posted: 20/08/2018
The Retail Asset Management Awards 2019 is now open for entries
Posted: 17/08/2018
Despite there being evidence that suggested standalone robo-advice will not attract affluent investors, data and analytics firm GlobalData says that it will offer competitive advantage to traditional wealth managers over competitors
Posted: 16/08/2018
A quarter of 30 to 35 year olds, of which there are 4.7 million in the UK, have admitted to putting off life milestones, such as having children or buying a home, due to being one of the least financially resilient groups in the UK, according to new research from LV=
Posted: 08/08/2018
New research conducted by GoCompare Home Insurance has revealed that 80% of people claimed to now store emergency cash at home following the carnage caused by TSB and Visa system failures, totalling £7.7bn
Posted: 07/08/2018
Clydesdale Bank’s owner has recently confessed that Richard Branson and his associates could bring the bank’s brand into “disrepute”, ahead of its proposed takeover of Virgin Money for £1.7bn
Posted: 06/08/2018
Despite Royal Bank of Scotland (RBS) seeing profits fall in the first half of 2018, the bank has announced that it will be paying 2p per share as an interim dividend as soon as its $4.9bn (£3.8bn) settlement with the US Department of Justice (DoJ) over mortgage-backed securities was completed
Posted: 03/08/2018
The Bank of England has hiked its interest rates from 0.5% to 0.75%, only the second rise since 2009
Posted: 02/08/2018
The latest statistics from Accountant in Bankruptcy (AiB) for the first quarter of 2018/19 revealed that total personal insolvencies, including bankruptcy and protected trust deeds (PTDs), increased by 11.8% when compared to the same period for 2017/18 in Scotland
Posted: 26/07/2018
Over the past 12 months, adults in the UK have been saving an average of 7% (£1,798) of their pre-tax income, compared to 8% (£1,832) last year, according to specialist bank Aldermore which recently published its annual Savings Index
Posted: 25/07/2018
According to new research from leading fine wine investment firm Cult Wines, 66% of advisers and wealth managers say certain investors should consider diversifying their portfolios though fine wine
Posted: 25/07/2018
Flexibility is the number one priority for retirees when it comes to managing their savings, Aegon has found
Posted: 10/07/2018
A Financial Conduct Authority (FCA) working group has made five recommendations regarding the consistent and standardised disclosure of costs and charges to investors
Posted: 06/07/2018
The Financial Conduct Authority (FCA) has been instructed to pay an investor £22,000 because its “woefully inaccurate” register resulted in them falling victim to a scam
Posted: 04/07/2018
More than a third of London investors believe that property is no longer a good investment, according to new research from Rathbones
Posted: 04/07/2018
Over one third of high-net-worth investors (HNWI) in the UK feel more optimistic about the impact of Brexit compared to a year ago, according to new research from investment firm Rathbones
Posted: 03/07/2018
Short interest in shares in London-based Metro Bank has risen sharply as investors bet on a share issue, according to data from IHS Markit
Posted: 02/07/2018
Fiduciary managers are increasingly allocating assets away from equities and into bonds and alternatives, with a “colossal” spread in allocations, data from IC Select has revealed
Posted: 29/06/2018
Two years on from the Brexit vote, the gap in performance between internationally and domestically focused UK-listed stocks is at a record high as the weak pound takes effect
Posted: 25/06/2018
The banking sector has emerged with the best defined benefit pension deficit in the FTSE 100, research from Barnett Waddingham has found
Posted: 21/06/2018
Later life advisers have the opportunity to broaden their range of services to clients reaching, or in, retirement from a “silo approach” to “an ensemble” proposition in order to cover a much wider range of needs, according to PFS business development director Tony Miles
Posted: 21/06/2018
Just a few days remain to enter the MoneyAge Awards 2018
Posted: 20/06/2018
Just 11% of investors would use robo-advisers in the future, new research from IW Capital has revealed, with 11.9 million investors nationwide saying they do not/would not trust an online wealth manager to manage a proportion or all of their investable assets
Posted: 19/06/2018
The owner of Clydesdale Bank and Yorkshire Bank, CYBG, has agreed to buy Virgin Money for £1.7bn
Posted: 19/06/2018
Nine out of ten workers are ‘financially sleepwalking’ into retirement, new research has revealed
Posted: 19/06/2018
A total 13.2 billion card payments were made at the end of 2017, compared to 13.1 billion cash payments, therefore overtaking the latter for the first time, according to the latest UK Payments Market report
Posted: 18/06/2018
Equitable Life is to shut down in 2019, with the closure of its With Profits Fund, which will create an average windfall of £6,900 for policyholders
Posted: 15/06/2018
One in five UK landlords entered the world of buy-to-let unintentionally, finding themselves with a property “accidentally” or acquiring it through inheritance, according to the latest sentiment research from Foundation Home Loans
Posted: 12/06/2018
Royal Bank of Scotland (RBS) chief executive Ross McEwan yesterday hinted that bank will be able to resume paying dividends within just a few months
Posted: 08/06/2018
Royal Bank of Scotland (RBS) CEO Ross McEwan yesterday said that now is “the right time to re-start the share sale process” following the governments’ decision to sell 7.7 per cent of its stake in the company for £2.5bn
Posted: 06/06/2018
Just two UK investment vehicles have crept into the top ten active funds most recommended by advisers in May, research by AJ Bell has shown
Posted: 06/06/2018
US Bank Goldman Sachs has entered the competition to manage a £109bn investment contract put out to tender by Lloyds Banking Group (LBG)
Posted: 05/06/2018
The government yesterday kicked off the sale of its remaining stake in Royal Bank of Scotland (RBS), announcing that it would begin the process of offloading 7.7 per cent of the bailed-out bank overnight
Posted: 05/06/2018
The owner of Clydesdale and Yorkshire Banks CYBG has made a revised offer to merge with Virgin Money and form a challenger worth £4bn
Posted: 04/06/2018
Over the past 15 years, the average annuity purchase value has grown by 167%, while annuity rates fell by 26%, according to the results published by the Hargreaves Lansdown annuity index
Posted: 29/05/2018
City analysts yesterday dubbed the suggested merger between Barclays and Asian-focused bank Standard Charter “far-fetched”, stating that shareholders would be “horrified”
Posted: 24/05/2018
The property market could be flooded by homes for first-time buyers as 380,000 buy-to-let (B2L) investors seek to offload their property in the next year, landlords have claimed in a survey conducted by the National Landlords Association (NLA)
Posted: 21/05/2018
Lloyds Bank has made a deal to sell its £4bn Irish property book to rival lender, Barclays, a move that compensates for £110m loss reported by the lender
Posted: 18/05/2018
Pensions provider Just Group has seen new business sales jump by 41 per cent to £617m over Q1 2018, boosting its share price by 12 per cent on the London Stock Exchange today, 17 May 2018
Posted: 17/05/2018
As a result of a Saudi Arabian bank deal announced yesterday, Royal Bank of Scotland (RBS) could potentially be a step closer to returning to private ownership, as it would be able to relinquish $5bn in the Saudi bank
Posted: 17/05/2018
Trade minister Liam Fox has announced that he will invite overseas investors to submit bids for financing £30bn worth of projects to help the UK’s economy cope with the effects of leaving the EU
Posted: 17/05/2018
AJ Bell has announced that its customer number have increased by 12% to 183,483 from 164,557 at 30 September 2017, while the firms profit before tax also rose by 24% to £13.9m compared to the first half of 2017 with £11.2m
Posted: 17/05/2018
One in five financial institutions is considering trading cryptocurrencies within the next 12 months, according to a survey recently published by Thomson Reuters
Posted: 15/05/2018
ESG investing is becoming a key part of clients’ investment decisions, according to findings from Royal London Asset Management’s annual investment conference
Posted: 14/05/2018
The owner of property website Zoopla and comparison site Uswitch has agreed to be bought by a US private equity firm
Posted: 11/05/2018
Long-term property investment is set to deliver significant returns for landlords, despite recent regulatory and taxation changes, according to detailed analysis by Kent Reliance
Posted: 11/05/2018
Shares in Virgin Money rose by 9.89% yesterday to reach 343.3p, as investors welcomed the news of the latest consolidation in the British challenger bank sector, while shares in CYBG also rose by 1.3%
Posted: 09/05/2018
A well-known FTSE chairman has received criticism from investors after three companies that he currently chairs have fallen into trouble
Posted: 09/05/2018
Trussle has secured £13.6m in financing from a group of leading international investors led by Goldman Sachs Principal Strategic Investments and Propel Venture Partners in its Series B funding round
Posted: 09/05/2018
The owner of Clydesdale and Yorkshire Bank CYBG has approached Virgin Money with a proposed full-share takeover, valuing the firm at £1.6bn
Posted: 08/05/2018
In March, ISA sales turned positive for the first time in seven months at £363m, with an additional £256m in the first 5 days of April as investors sought to use their 2017/18 ISA allowance, according to the Investment Association’s March investment review
Posted: 03/05/2018
Aviva has announced that it will commence a share buy-back of its ordinary shares for up to a maximum aggregate consideration of £600m
Posted: 01/05/2018
Banks may be forced to pay a further £18bn to consumers in payment protection insurance (PPI) claims ahead of the August 2019 deadline, following miscalculations by the Financial Conduct Authority
Posted: 30/04/2018
City investment banks, lawyers and other professional services firms could share more than £120m in fees from the merger of Sainsbury’s and Asda, with the two supermarket chains set to face over 12 months of complex negotiations to finalise their deal
Posted: 30/04/2018
Sainsbury’s has confirmed its plan to merge with Asda in a deal that will see Asda’s current owner, Walmart, taking a stake of 42% in the group
Posted: 30/04/2018
The Personal Finance Society (PFS) has launched a new good practice guide to explain how financial advisers might assimilate value-based investing into their client recommendations where appropriate
Posted: 27/04/2018
Following on from the published ISA statistics from HMRC, Fidelity International investment director Maike Currie has said that “returns on cash remain at paltry lows”
Posted: 27/04/2018
A TSB customer, Matthew Neal, was given access to someone else’s £35,000 savings account, £11,000 ISA and a business account when he logged into his online banking
Posted: 25/04/2018
The UK’s top share index rose yesterday as a rise in bond yields lifted financials and an appetite for risk returned
Posted: 24/04/2018
Capita’s profit was eradicated by £850.7m worth of one-off costs, primarily from writing down the value of acquisitions made under its previous management
Posted: 23/04/2018
MoneySavingExpert founder Martin Lewis has said that at least 50 fake ads bearing his name have appeared on the social media platform, causing him reputational damage
Posted: 23/04/2018
There is a significant number of advisers are now outsourcing investment management, with multi-asset funds and model portfolios built using external expertise now accounting for over 55% of assets, according to research in Aegon’s latest Adviser Attitudes Report
Posted: 19/04/2018
The pound has continued its recent strong run against the dollar, pushing firmly above $1.43 for the seventh consecutive session, resulting in the UK having the best performing currency this year among the G10 group of rich nations
Posted: 17/04/2018
Invoice finance and asset-based lending stood at £23.4bn at the end of 2017, a 5% increase on the funds advanced at the end of 2016, according to figures published by UK Finance
Posted: 17/04/2018
Over half of live easy access accounts pay less than the base rate at its current level of 0.50% - which means that anyone with one of these accounts cannot even keep up with the base rate, let alone CPI inflation, according to Savings Champion
Posted: 17/04/2018
Britons have been handed their first pay rise since the beginning of 2017 as a year-long squeeze on real incomes, stemming economic growth, comes to an end, data this week is expected to reveal
Posted: 16/04/2018
Millions of pounds from dormant bank accounts are being invested in a pioneering fund aimed at lending to socially or environmentally friendly projects with no access to public markets
Posted: 16/04/2018
J.P. Morgan Chase has been hit with a lawsuit in Manhattan federal court accusing it of charging unexpected fees when it stopped allowing customers buy cryptocurrency with credit cards in late January, and began treating the purchases as cash advances
Posted: 12/04/2018
The Bank of England must explain the financial impact of monetary policy on society to aid the British public understand its decisions , chief economist Andy Haldane has said
Posted: 11/04/2018
Former City trader Philippe Moryoussef facing charges that he helped to rig bank borrowing rates will be tried in absentia after he failed to attend court, arguing that he did not think he would get a fair trial
Posted: 11/04/2018
HMRC is currently in the process of investigating 129 footballers over £250m worth of investments in a tax avoidance scheme, according to The Mirror
Posted: 10/04/2018
After a “vibrant” 2017 for the bulk annuity market, expectations for 2018 are high with transactions potentially reaching £30bn, according to Aon
Posted: 09/04/2018
Roughly 70% of financial advisers are willing to advise on investment portfolios of £50,000 or less, according to NS&I’s latest Financial Advice Barometer
Posted: 09/04/2018
This year is set to be “the year of the IPO” and while London remains an attractive global hub for IPOs, despite Brexit concerns and trade wars, with a number of flotations already in the pipeline, according to J.P. Morgan head of equity capital for Europe, the Middle East and Africa Achintya Mangla
Posted: 09/04/2018
Over the last ten years, investing a full ISA allowance at the start of the tax year could have left you with almost £20,000 more than if she/he had waited until the last-minute to invest
Posted: 05/04/2018
Fund manager Neil Woodford has continued to suffer in 2018 as his flagship fund shrunk to a near three-year low. Woodford’s equity income fund assets slumped to £6.6bn as at the end of March
Posted: 04/04/2018
SimplyBiz has completed its £130m listing on the London Stock Exchange, raising £65m
Posted: 04/04/2018
Investors that are remaining in cash long-term risk poor returns and a loss in purchasing power, compared to investing in the stock market, according to research conducted by Royal London
Posted: 03/04/2018
Young people should receive a "minimum inheritance" package of £10,000 when they turn 25, a think-tank has said
Posted: 03/04/2018
The average British consumer will waste more than £30,000 in their lifetime as a result of having lost track of monthly direct debits, a new study has shown
Posted: 29/03/2018
A “simple solution” of withdrawing only the natural yield from a drawdown product to live on, known as guided drawdown, has been proposed as a fix to the retire-as-you-go generation’s desire for flexibility combined with life-long income
Posted: 28/03/2018
Debt on UK credit cards is growing at the quickest rate recorded in the past 12 years, according to the figures published by UK Finance
Posted: 28/03/2018
Twitter has become the latest social media platform to disallow advertising relating to cryptocurrency on its webpage, resulting in Bitcoin’s value plummeting below $8,000
Posted: 28/03/2018
Purchases of investment companies by advisers and wealth managers on adviser platforms in 2017 reached a record £990m, according to latest research published from the AIC using Matrix Financial Clarity
Posted: 27/03/2018
London and New York remain at the top of the global financial centre rankings and the gap between them in ratings closed to one point on a scale of 1,000
Posted: 26/03/2018
Companies that have passed RLAM’s sustainable investment criteria returned 10.2% per annum over the past five years, a total of 62.1%, compared to a 9.5% annual return from the FTSE 100, according to analysis by Royal London Asset Management, which suggests that “investing sustainably can outperform the market”
Posted: 26/03/2018
Interest rates are set to hit 2% by 2021, Bank of England policymaker Gertjan Vlieghe has warned
Posted: 26/03/2018
The Bank of England left interest rates unchanged today at 0.5%, but two committee members broke consensus and voted for an immediate rise to 0.75%
Posted: 22/03/2018
deVere Group has opposed Twitter chief executive Jack Dorsey by stating that “Bitcoin will not become the world’s sole currency in 10 years”
Posted: 22/03/2018
Credit card and loan debt is preventing more than one in five over-65s from enjoying retirement as they struggle to maintain their standard of living with one in seven (14%) relying on credit cards to boost their income in retirement, new research from over-55s financial specialist Key Retirement shows
Posted: 22/03/2018
January 2018 saw a growth in the consumer finance new business market, with an increase of 12 per cent compared to the same month last year, according to the Finance & Leasing Association (FLA), resulting in a recorded £8,212m being lent
Posted: 21/03/2018
A group made up of M&G Prudential, Invesco, GAM, Blackrock, Legal & General and Eden Tree have clashed with Aviva over its plan to cancel £450m of preference shares, many of which are owned by pensioners
Posted: 21/03/2018
Collectively, UK households will need to spend an additional £21.2bn to maintain the current standard of living for the next year, according to Retirement Advantage
Posted: 20/03/2018
Hargreaves Lansdown (HL) has won a challenge presented to HMRC over “discount tax”, which saw around 150,000 investors receiving at least £15m back after being taxed on their annual management fees, known as loyalty bonuses, since March 2013
Posted: 20/03/2018
Schroders chief executive Peter Harrison saw his total pay packet jump by 12% last year
Posted: 19/03/2018
Capita is expected to strip its former boss Andy Parker of an £845,000 cash bonus
Posted: 19/03/2018
Large numbers of householders may be “in too deep” with their borrowing, FCA director of supervision Jonathan Davidson said
Posted: 19/03/2018
Banks and card companies prevented £1,458.60m in unauthorised financial fraud last year, equivalent to £2 in every £3 of attempted unauthorised fraud being stopped, latest data from UK Finance has shown
Posted: 19/03/2018
The UK banking system could continue to support the real economy through a disorderly Brexit, the Bank of England has said
Posted: 16/03/2018
Onesavings Bank announced a 21 per cent full-year pre-tax profit yesterday achieving £167.7m, beating its 2017 forecast of £162.8m and crushing its 2016 profit of £138.2m
Posted: 16/03/2018
The bulk annuity market could hit £30bn in 2018 as providers overcome the “missed opportunities” of 2017, Aon has said
Posted: 16/03/2018
Downing Street has signalled a retreat in the face of a public backlash around its plans to scrap 1p and 2p coins
Posted: 15/03/2018
Signs are emerging that the Treasury is considering the withdrawal of 1ps, 2ps and the £50 note
Posted: 14/03/2018
Best buy ISA rates have fallen by up to 61% since the introduction of the Funding for Lending Scheme in July 2012, according to Savings Champion
Posted: 14/03/2018
Rothesay Life is to purchase a £12bn annuity portfolio from Prudential, covering around 400,000 policyholders, in the largest transaction of its type in the UK
Posted: 14/03/2018
UK borrowing is forecast to be £45.2bn this year, £4.7bn lower than forecast last November and the country has experienced its first sustained fall in debt for 17 years, Chancellor Philip Hammond has said
Posted: 13/03/2018
Barclays Bank issued £22.2m worth of shares to its senior executives yesterday, despite not hitting their profit expectations and posting a loss of £1.9bn in 2017
Posted: 13/01/2018
The total amount of equity release by homeowners so far in 2018 is more than double (132%) the total amount released during the same period in 2017, according to equity release provider Responsible Equity Release
Posted: 13/03/2018
Six in ten people without any exposure to cryptocurrencies would consider introducing cryptocurrencies, such as Bitcoin, into their investment portfolio, revealed a global poll
Posted: 13/03/2018
The head of Beaufort Securities, Tanvier Malik, has claimed he injected more cash into the broker just days before it was shut down by the FCA over growing concerns it was insolvent
Posted: 12/03/2018
NS&I have today announced an increase of their Junior ISA interest rates by 25 basis points to 2.50% tax-free
Posted: 12/03/2018
Capita is planning a £700m asset sale as part of a balance sheet shake-up
Posted: 12/03/2018
AJ Bell yesterday announced that it has appointed Numis Securities to explore an IPO on the primary market of the London Stock Exchange, with a float estimated to be “upwards of £500m”, according to the firm
Posted: 12/03/2018
Yesterday Chancellor Philip Hammond said there was a “light at the end of the tunnel” for the UK’s public finances, but indicated that he will not be making adjustments to the fiscal regime
Posted: 12/03/2017
The pensions and asset management industry has been "tarred with the brush of the financial services industry", leading to a lack of trust among the public, SCM Direct co-founder and transparency and ethics activist Gina Miller has claimed
Posted: 09/03/2018
2018 is set to be “year one” of a new post financial crisis era, as growing profits from the UK’s largest banks will absorb the economic and political shocks from 2018, according to top ratings agency, S&P Global Ratings
Posted: 09/03/2018
Shadow chancellor John McDonnell has slammed Chancellor Philip Hammond’s speech on the financial services industry, arguing that this priority was to protect financial services, rather than ensuring a good deal for every sector
Posted: 09/03/2018
Sin stocks such as tobacco are increasingly posing potential regulatory risks to pension scheme portfolios, it has been noted
Posted: 08/03/2018
The assertion that financial services cannot be part of a free trade agreement between the UK and the EU post-Brexit must be challenged, Chancellor Philip Hammond has said, highlighting that it is not a “zero-sum game, where any loss of market share in London is automatically a gain to another EU Capital"
Posted: 08/03/2018
Lloyds TSB agreed to “remove” £800,000 of fees due to be paid to PwC from its 2008 accounts in order to avoid breaching internal rules governing auditor independence, according to documents revealed in a High Court battle
Posted: 08/03/2018
Fully investing the maximum ISA allowance (£186,560) with a lump sum investment each year in the average investment company since ISAs were introduced in 1999 would have grown to £436,894 by the end of February 2018, research from the Association of Investment Companies has shown
Posted: 07/03/2018
Hermes Investment Management has recognised that to close its gender pay gap of 30.2%, it needs to “increase senior female representation across the firm”
Posted: 06/03/2018
NS&I is cutting the rate on its 3-year guaranteed growth bonds from 2.2% to 1.95%, and the rate on its 3-year guaranteed income bonds from 2.15% to 1.9% on 10 April 2018
Posted: 06/03/2018
A radical simplification of the UK’s ISA framework should be implemented as soon as possible, a Committee comprising MPs and industry experts has said
Posted: 06/03/2018
Two friends lost more than £650,000 of their retirement pots as a result of the recommendations given by their financial adviser, who has now liquidated his firm, Knightsbridge Financial Management, and set up a new business, Knightsbridge Personal & Corporate Solutions.
Posted: 05/03/2018
Investors are set to be paid £34m in compensation from asset managers overcharging them for investment funds, with another asset manager being pursued by the FCA
Posted: 05/03/2018
“Welcome news for savers with cash in the bank can be a warning of challenges ahead for shares and bonds”, SVM Asset Management has reported
Posted: 02/03/2018
Cryptocurrencies are “failing” in fulfilling the roles of money, Bank of England governor Mark Carney has stated
Posted: 02/03/2018
The Competition and Markets Authority has published a working paper on its investigation into investment consultants’ fees and quality, finding that information on fees for trustees is “limited”
Posted: 02/03/2018
The MoneyAge website has been re-designed ensuring all our readers have a smoother news experience
Posted: 01/03/2018
“There have been some real barriers to women investing”, SavvyWoman founder, Sarah Pennells, has said at a roundtable in London this week
Posted: 28/02/2018
Three warnings have been issued around the failure to meet the LISA transfer deadline
Posted: 27/02/2018
UK savers would be £46bn richer today if they had invested in stocks and shares ISAs rather than cash ISAs, suggests data compiled by UBS Smartwealth following Freedom of Information requests
Posted: 27/02/2018
AJ Bell has held a beauty parade of investment bankers in the last few weeks to prepare for an initial public offering (IPO), Sky News has reported.
Posted: 22/02/2018
Standard Life Aberdeen is to sell its insurance business to Phoenix Group in a £3.2bn deal
Posted: 23/02/2018
UK GDP growth rose by just 0.4% in the fourth quarter of 2017, 0.1 percentage points down from its first estimate, according to the Office for National Statistics
Posted: 23/02/2018
Those on volatile incomes , such as zero-hour contracts or in part-time work, are five times more likely to turn to high-cost credit products such as rent to own and doorstep lending, Citizens Advice has recently found
Posted: 23/02/2018
The UK’s new open banking initiative may provide a £1bn boost to the economy, according to a new study from the Centre for Economics and Business Research (CEBR) and Trustpilot
Posted: 26/02/2018
During the period leading up to the implementation of MiFID II last month, Adviser Rankings found that brokers specialising in the mid-cap space experienced the fastest growth in clients
Posted: 26/02/2018
Credit card spending in January 2018 was 5.8% higher than what it was in January 2017, UK Finance has found. However, due to higher repayment levels, the pace of borrowing saw a minor change with an annual growth of 4.8%
Posted: 26/02/2018

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