An Aviva survey has found that 12.5 per cent of homeowners between 65 and 74 still have a mortgage. This is not surprising as there will be a substantial minority of homeowners aged over 65 who can still afford a mortgage or have chosen to take out a lifetime mortgage with interest rolled up. Some […]
Lifemark has issued a notice to bondholders declaring that several bonds underpinning Keydata plans have defaulted on income payments. The firm informed bondholders of the development on March 2 and Keydata administrator PricewaterhouseCoopers confirmed it will affect coupon payments for all 23,000 Keydata Lifemark investors, who have around £349m invested. Lifemark suspended income payments to […]
Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
Banks are heading back into the world of advice but a culture clash means IFAs should not feel threatened It is interesting to see how many banks, asset managers and discretionary fund managers are moving into the advice space. Some for the first time. Others, with hope winning over experience, for the second or even […]
Baillie Gifford is lowering the annual management charge on four of its investment trusts from 1 January 2019. The Edinburgh Worldwide Investment Trust, Pacific Horizon Investment Trust, The Baillie Gifford Japan Trust and Baillie Gifford Shin Nippon all allow a tiered approach based on its total assets, and the group will reduce fees for the […]
FP Wealth Management director on helping other advice firms reap the benefits of taking on students If the future of advice makes you think of technology, think again. It is really all about people. A business cannot function without good people – something FP Wealth Management director Ian Bentley is well aware of. For the […]