The number of underperforming mortgage endowment policies has fallen to 1.5m because of improvements in the stockmarket, according to ABI research. The Consumers' Association website says more than 4.4m endowment mortgages may suffer a shortfall but the ABI says campaign groups have inflated numbers of people affected.
Type: Oeic Aim: Growth by investing in emerging markets Minimum investment: Lump sum £1,000, monthly £50 Investment split: 49.6% Pacific, 10.1% Europe, 9.8% South America, 9% North America, 7.7% South Africa, 7.4% Asia, 2.5% China, 3.7% cash Isa link: Yes Pep transfer: Yes Charges: Initial 4%, annual 1.5% Commission: Initial 3%, renewal 0,5% Tel: 0800 […]
The Monetary Policy Committee voted today to keep base rate at 3.75 per cent for another month. This was largely expected by the industry following a 0.25 per cent increase last month. Charcol senior technical manager Ray Boulger says: “Any decision other than no change would have been a major surprise - we do not […]
In my last few articles, I have identified, summarised and discussed the implications of some recent and upcoming pension developments. This week, I am moving on to a very recent bit of legislation which will not only have a massive impact on pensions but also on most other aspects of financial planning. The Government has […]
Parents face a bill of £91bn to raise the generation of children born in 2002 according to the latest research from Liverpool Victoria. The cost of raising one child to the age of 21 is £140,398.
Journalist Alexis Xydias discusses the opportunities – and potential pitfalls – of investing in China with Artemis fund manager Peter Saacke. With Peter holding significant positions in China in the Artemis funds he manages, journalist Alexis Xydias quizzes Peter on the risks of investing in Chinese stocks – including over-valuations, margin trading and financial reporting issues. Click here for video
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]