View more on these topics

Equity trusts outperform other savings by four times

The Association of Unit Trusts and Investment Funds claims UK equity funds have performed nearly four times better than deposit accounts.


AUTIF figures reveal the long term growth prospects of equity funds are 180 per cent better than savings in a building society account.


Looking at growth over the past 10 years, the trade body says the annual income on £1,000 invested in an average equity trust was £69, compared to £67 on corporate bonds and £21 on the average building society deposit account.


A lump sum invested in a building society account in 1990 added £491 to its sum by the end of last month. A corporate bond increased £2,339 over the same period while an equity trust grew by £2,983 or £3,294 in an equivalent PEP/ISA.


If an investor were to put aside £50 a month over that same 10 year period, an equity investment in a UK All Companies fund was worth more than the savings account by £5,020.


Recommended

Paragon launches equity release mortgages

Paragon Mortgages announces it will begin offering equity release mortgages, which allow elderly home owners to raise cash without selling their homes.The specialist lender has decided to enter the market because of the gap left when Barclays and the Bank of Scotland withdrew from it. Paragon chief executive Nigel Terrington says he believes his company […]

Carpetbaggers renew attacks on Portman

Carpetbaggers are planning a new assault on the mutuality status of Portman Building Society.Campaigners admit this could be a “last ditch” effort to force a renewed debate on the building society&#39s future status. If it fails there will unlikely be any further attempts.They are seeking support for three motions criticising directors after the board expelled […]

Martyn to join IFA Search as MD

Former IFA Promotion managing director Ann-Marie Martyn will soon become managing direc-tor of internet portal IFA Search, the company she tried to merge with IFAP.Martyn says she is in talks with IFA Search but refuses to comment further. There is not expected to be an announcement for another two weeks.Martyn&#39s mobile phone message says she […]

A Window of opportunity

Over the last couple of weeks, I have been looking at issues affectingboth IFAs and the industry in general concerning development of financialservices portals.This has covered both IFAs&#39 needs to develop their own online presence tocommunicate with clients and consumers generally and the industry&#39sapproach to business- to-business portals.A few weeks ago, AssureSoft announced its IFA […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment