View more on these topics

Nice to be in control

If anyone is still able to follow David Playfair&#39s logic(?) (Money


Marketing, March 30), let me briefly finalise the issue.


I confess to ignorance but only of clairvoyance, not product knowledge.


My own circumstances allowed me to finish a 25-year mortgage in 14 years,


paying what I wanted when I wanted, not whatever was demanded whether I


liked it or not.


Whatever abacus David Playfair uses would make me the winner.


David assumes I did not have a side by side investment. As it happens, I


did. A unit-linked endowment, believe it or not. I have still got it, I


like it and it is mine.


Never been assigned, encashable at any time and doing very nicely. Isn&#39t


it nice to be in control.



Derek Forbes


Forbes Marketing & Management,


Orford,


Suffolk

Recommended

Off with the new, on with the old

The new economy stocks have had a rough ride and last week&#39s legal rulingagainst Microsoft sent the Nasdaq tumbling by 15 per cent in just onemorning session. The Techmark index has seen a 30 per cent fall from itshigh this year while European technology stocks have also suffered fromsevere volatility.In spite of tumbling prices, yields […]

Trusts get £350m in Fleming deal

Investment trusts which invest in Robert Fleming are being rewarded with a£350m-plus bonanza thanks to the £4.88bn acquisition of the investment bankby Chase Manhattan.Murray Johnstone&#39s three oldest investment trusts are benefiting from a£100m uplift.The net asset value per share for Murray income is up by 7.9 per cent,Murray international is up by 7.7 per cent […]

Complex bill must have more time

Why so little comment on the committee stage of the Financial Services andMarkets Bill wending its torturous way through the House of Lords withnearly 1,500 amendments being debated and more to come?This bill is intended to replace the 1986 Financial Services Act which wasitself rushed through Parliament with numerous quirks and flaws that MMcolumns attest […]

Pressure increases on Standard Life to convert

Pressure has increased on Standard Life to demutualise as one of the largest with-profit policyholders has jumped on the conversion bandwagon.Barclays Global Investors, the second largest institutional investor has publicly lent its support to the cause of carpetbagger Fred Woollard, who is leading the charge to demutualise.Scottish Value Management head Colin McLean, another large investor […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment