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IFS investor challenge to students

The ifs has launched its student investor challenge, which gives students the chance to invest a fantasy £100,000 in the stock market over a three-month period.

The challenge, sponsored by Deutsche Bank and Foreign & Colonial Investment Trust, aims to help students to manage their own finances by giving them an insight into stock markets, savings and investments.

It is open to teams of four students aged between 14 and 19 and the prize is a trip to New York and £2,000 for the students’ school.

It is free to enter and typically attracts about 30,000 participants each year.

The regional finals, involving a business quiz, will be followed by a national final in which the top eight teams will compete.

ifs School of Finance head of financial capability Rod McKee says: “The educational benefits speak for themselves. The challenge develops a wide range of useful life skills in a practical, challenging and enjoyable setting.

“The feedback received from both students and teachers alike is consistently positive as you would expect from a challenge that continues to attract tens of thousands of entries each year.

“We look forward to receiving registrations from thousands of teenagers from across the UK again this year.”


Judge’s payback ruling on endowment redress

A Judge has ruled that an IFA’s client must pay back the endowment misselling redress ordered by the financial Ombudsman Service if their policy matures above the expected level, leaving no shortfall.In what is thought to be the first case of its kind, a County Court in Wales ordered the client to pay back the […]

Gartmore recruits multi-manager

Tony Lanning is joining Gartmore’ multi-manager team. He joins from Arbuthnot Latham after being at Origen and reports to team head Bambos Hambi.

The meaning of life

Perhaps knowing our healthcare needs should be met by the NHS has persuaded us that life will always be a case of happy families but the £2.3trn protection gap continues to pose a problem as UK consumers scale down their purchases of life insurance, says Liz Mancini


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