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Pooled funds

There may be some tightening of belts around the country at the moment due to interest rate rises but none will be as tightly pulled as Prince Andrew&#39s.

With his mansion at Sunninghill Park still unsold, he has been forced to take out a mortgage to meet the spiralling costs of the refurbishment of his new house. Despite his financial advisers&#39 suggestions, he insisted on building his own swimming pool rather than share Windsor Castle&#39s pool. Well, if Philip would just stop bombing in the deep end…

The Diary always knew Chelsea Financial managing director Darius McDermott was a bit of a cheeky chappy but learning about his alter ego Just William came as a bit of a surprise. Any other resemblances always gratefully received.

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Alliance & Leicester International has seen a 66 per cent growth in investment into its US dollar accounts since January and the firm says balances are set to rise further. ALIL says the average balance on their dollar accounts &#45 for offshore clients &#45 now stands at around $188,215 (or £103,000) and believes this figure […]

Federal excess

As I sit here reading Best Advice (Money Marketing, August 5) it reminds me that many IFAs are innocently overlooking significant US tax problems when advising clients who work, live or own property in the US. If an individual spends most of the year in the US, they will inevitably become tax resident there. Broadly […]

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&#39£40k college costs in 2022&#39

The cost of sending a child to university for three years could reach 41,200 by the time today’ babies reach 18, says The Children’ Mutual. It is offering a free guide to parents on saving for university fees. Chief executive David White says 40 per cent of today’ undergraduates have not had any financial provision […]

Assureweb chief&#39s tech warning for advisers

Advisers will miss out on commission if they fail to adopt electronic trading, warns Assureweb head of transactional delivery Stephen Wynne Jones. Wynne Jones says advisers which do not use technology will find that their profit margins are hit as providers increasingly demand online applications to counter the pressure of price caps. Assureweb estimates that […]

Great expectations for Japan

By James Dowey, Chief Economist and CIO Turnaround stories are an investor’s best friend. If successful, they prompt a widespread and possibly radical re-evaluation of the fair value of the associated assets. If one is brave enough to re-evaluate early on in the process then the returns can be very large. For over two decades […]

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