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Worst-selling fund manager in 2017 revealed

Investors have redeemed close to $30bn (£23bn) from Goldman Sachs Asset Management’s mutual funds so far this year, making it the worst-selling fund manager globally in 2017. Over half of the asset manager’s funds saw outflows globally, totalling $26.7bn, the FT reports, based on Morningstar data. GSAM attributed the outflows to investors turning their backs on […]

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Has the Lifetime Isa failed to take off?

The Lifetime Isa has launched with little fanfare amid criticism the product will only serve the wealthy and disappointment at the lack of initial appetite among providers. The Lifetime Isa went live on 6 April, with those between 18 and 40 able to pay in up to £4,000 each tax year, with contributions qualifying for […]

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