View more on these topics

Anyone can be a millionaire says Adam Smith Institute

Even the average person in Britain could become a millionaire when the retire according to a report from right wing think-tank the Adam Smith Institute.

The report entitled &#39The Millionaire Fund&#39 says the average wage in Britain is currently £20,000 a year.

If 12 per cent of this income were invested in a pension, the Institute has calculated by assuming a growth rate of 2.25 per cent a year, in 43 years the investor could retire as a millionaire.

The report says: &#34On a pension scheme such as this, a person on the national average wage could be a millionaire before retirement. If they began at 20 they would be a millionaire by 63.


Premier launches bespoke portfolio management service

Premier Fund Managers is launching a tailor-made portfolio management service for investors in zero-dividend preference shares of split capital investment trusts.Premier will individually build a portfolio to match their clients investment needs.The bespoke service has a minimum investment of £100,000, there are no initial charges but the annual management charge is 1.25 per cent a […]

IFA to be winners in Scottish Equitable marketing campaign

Scottish Equitable is giving away top of the range Pentium II PC notebook&#39s in a competition to mark its marketing campaign for group pension technology.The campaign highlights the time that could be saved by utilising its latest technology, which includes its SmartScheme CD-Rom.The competition requires IFAs to collect eight CD icons from within the SmartScheme […]

Norwich Union offers discount on property unit trust

Norwich Union is offering investors a 1.5 per cent discount on the initial charge for investments into its property unit trust.The special offer will be available until August 31.The move supports Norwich Union&#39s belief that the UK&#39s commercial property market currently provides better value and lower volatility than their UK equity or bond equivalents.NU Investment […]

ABI warns of dark events on August 11

The Association of British Insurers is warning August 11 the day of the solar eclipse may be a dark day in more ways than one.The Association says criminals are likely to exploit the opportunity of unoccupied homes in Devon and Cornwall and target them for burglaries.The ABI is warning people to make sure their homes […]

Nigeria cover image - thumbnail

White paper — Nigeria International Insights

Jelf Employee Benefits closely examines healthcare provision and challenges within Nigeria. This will be of particular interest to HR decision makers with employees based in Nigeria, and assesses the environment, risks, facilities and safeguards that are relevant to organisations that are actively deploying expatriate staff in this location.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm