View more on these topics

Economic Secretary Pearson says now “not a bad time” to buy shares

Economic secretary to the Treasury Ian Pearson has suggested that now is “not a bad time” to invest in the stock market.

Speaking at a public administration committee session on Equitable Life earlier this week, Pearson was quizzed by MPs over the consumers’ appetite for risk and what degree of protection they should expect from the regulator.

Pearson said: “It is a question of balance and regulation needs to be proportionate to the requirements that an individual has.

“It is up to you whether you to decide whether you want to put your money into UK gilts or the stock market.

“If you are very risk averse you might want to put your money into Government gilts and you might have some doubts about the stock market at the moment, although I actually think that if you have some money now is not a bad time to be investing in the stock market.

He added: “That shouldn’t be regarded as official advice but I think you can take a long term view.”

Recommended

Sales of IFA businesses hit by long-stop decision

Advisers looking to leave the industry may struggle to sell their firms after the FSA decided against introducing a 15-year long-stop on complaints, says The Money Portal head of distribution strategy Alan Easter.

Regulate or compensate?

Misselling scandals have plagued the industry across product areas over the years but the Financial Ombudsman Service now says a surge in single issue complaints may see it act as a surrogate regulator.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com