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Equities equable as gap fears grow

The investment industry says the re-election of Labour will not make much difference to equity markets but is encouraging the Government to address the savings gap.

Gartmore senior investment manager Brian Gallagher says the general election is of limited relevance to equity investors, with only a hung Parliament ever likely to provoke a significant reaction in UK markets. Research by Gartmore shows 39 per cent of private investors are ambivalent over who is in power and their relationship to the economy while 30 per cent think Labour’s third term will have a positive effect on the economy and 29 per cent feel it will prove negative.

Fidelity managing director Richard Wastcoat says the Labour victory has had little impact on markets. He is more concerned that over one in four people have no savings and says looking at ways to encourage people in this country to save should be at the top of the political agenda. director Ashley Clark says: “I do not believe that pension simplification is going to defuse the demographic timebomb. The Government needs to invest in grassroots education to avoid the future burden in terms of tax.”


Inappropriate for PFS members to air concerns in public

As a member of the Personal Finance Society and one of its regional volunteers, I am very concerned that some members of the society seem to think it a good idea to conduct a discussion with the society through the pages of Money Marketing.

Ellis is out of line with members

I entirely agree with the comments of Harry Katz and Alan Parkinson regarding John Ellis and the Personal Finance Society.


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