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&#39Bad advice from family and friends&#39

People in their late teens and early 20s run the risk of making bad

investment decisions because they rely on family and friends for advice.

Research conducted by Autif shows that 15-24-year-olds are most likely to

want to boost their financial knowledge but take decisions based on

anecdotal evidence rather than professional advice. Autif says any

initiatives aimed at raising financial awareness should be targeted at this

age group to reduce mistakes and the potential for misselling.


Conference considers effects of consolidation

Data marketing and planning outfit CACI is holding its annual financialservices conference in Leeds in September. The conference will look attoday&#39s rapidly changing environment, where network reorganisations,mergers and new channel developments are changing the shape of theindustry. Speakers will consider which channels consumers will want to useand which parts of the market will become superfluous. […]

Bogard goes back to Moneyextra

Mark Bogard has rejoined Bristol & West-owned IFA Moneyextra to take overas managing director of recently acquired Willis National in addition toMoneyextra. He replaces current Willis National chairman and chief executive JeremyBudden. Bogard, 39, returned to the IFA from The Exchange ahead of theannouncement of Bristol & West&#39s £40m plans to buy Willis from WillisGroup […]

Autif plea for no cap on baby bonds

Autif is urging the Government not to impose a 1 per cent charging cap onchild trust funds but believes that, even with higher charges, there willnot be room for advice. In a response to the Treasury&#39s consultation paper, Savings and Assets ForAll, Autif makes a strong argument for child trusts to allow equityinvestment but stresses […]

Mellon moves into hedge territory

Mellon Global Alternative Investments, the UK-based subsidiary of the US company Mellon Financial Corporation, has introduced the Mellon global alternative investment fund.Domiciled in Dublin, the product is a fund of hedge funds that has been set up as an open-ended investment company (Oeic). It is aimed at offshore investors, as well as UK citizens, who […]

Investment clock economic update

In the latest Investment Clock economic update, Ian Kernohan, Senior Economist at Royal London Asset Management, discusses the implications of the US Federal Reserve’s recent hike in interest rates and upcoming French presidential election. The value of investments and the income from them is not guaranteed and may go down as well as up and […]


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