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.
Advice giant St James’s Place will block access to its investment platform for 10 days while it migrates services to a new provider. SJP tells Money Marketing that the work will affect online service ability for clients between 19 October and 29 October. A spokesman says: “SJP will carry out essential maintenance to our systems as part […]
This summer saw the S&P 500 rule headlines for enjoying the longest-running bull market in history. Yet, as per the old adage, what goes up inevitably comes down, and it is the job of advisers to manage clients’ portfolios accordingly – either directly or via the third-party investment services they use. A crude assumption might […]
There is currently no minimum qualification level, but the majority of advisers think this needs to change The role of the paraplanner is a relatively new one and its definition and responsibilities can differ hugely between firms. According to the Chartered Institute for Securities and Investment, the role can be broken down into four key […]