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Jupiter warning on move to buy-to-let investment

Delaying re-entering the stockmarket or choosing buy to let as an alternative could be an expensive mistake, according to Jupiter chief executive Edward Bonham Carter.

Jupiter is concerned that 25 per cent of its current investors plan to put their spare cash into property through a buy-to-let scheme or by reducing their current mortgage.

Overall, 36 per cent are adopting a cautious wait and see approach to the stock-market, only willing to put their money into an Isa if the market goes up.

Despite these findings, the research also shows that 84 per cent of current investors continue to believe that the stockmarket still has good pros-pects over the longer term.

A further 77 per cent say Isas form an integral part of their savings strategy.

The company is recommending that cautious investors take a dripfeed approach to investing in the stockmarket. The findings are based on 758 email replies to a survey conducted from December 19-31, 2002.

Bonham Carter says: “It is precisely because markets have fallen substantially that we as fund managers are seeing more buying opportunities in the stockmarket. This is something that should not be ignored by investors when they are considering their Isas. The fact that a significant number of people are looking now at buy to let as an investment alternative is more worrying since they could be buying at the top of the market and could therefore do less well than they expect should the property market drop off.”


Kingsbridge team of companies is splitting up

Kingsbridge, the Aim-listed IFA that specialises in advising professional sportspeople, is facing a demerger as one of the IFAs it acquired two years ago is splitting away from the firm.Independent Financial Planning, the Harrogate, London and Sunderland-based firm Kingsbridge bought in 2001 is demer-ging from the group, taking 24 RIs with it.Among IFAs, the firm, […]

Cofunds makes trail commission deal

Fund supermarket Cofunds has struck a deal with fund managers including Schroders which will see the groups pay trail commission to IFAs introducing unwrapped business. The four fund managers, also including Baring Asset Management, Rathbone Unit Trust Managers and Liontrust Asset Management, have agreed to the move even though none pay trail for directly placed […]

British investors deluded at the adequacy of their company pensions says Cavendish

British investors are showing remarkable complacency over their company pension provision, according to research from Cavendish Asset management.A new survey shows 42 per cent of investors believe their company pension will provide sufficient funds for retirement, while 31 per cent believe it will be inadequate.Younger investors appear most complacent, despite the fact they are least […]

Pru may consider applying for waiver

Prudential says it is now considering applying for a solvency waiver despite initially claiming that it would not. It says the move would be a purely technical issue as it moves to manage its business on a realist rather than statutory basis. The company has not relied on future profits this year.


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