Savers are mostly unaware of the effects of tax and inflation on their money, a new study claims.Research from National Savings & Investments shows 64 per cent of people do not take inflation into account when saving. Only 33 per cent consider the taxation of their savings, down from 37 per cent in February 2004. The retail prices index – the measure used by NS&I for its inflation-linked products, includes the cost of housing and council tax, unlike the consumer price index used by the Bank of England. Sales director John Prout says: “Even though we are experiencing a period of relatively low inflation, people who invest their money for more than a few years in an account that does not protect against inflation could see the value of their money diminish as inflation takes its toll. “I would urge people to think about this when choosing a home for their money.”
Lloyd George Management
LG Developed Asia Fund
Lloyd George Management
LG China Fund
With both sides claiming victory over Legal & General’s ground-breaking challenge to the FSA concerning its 1.1m fine for endowment misselling, which side has really won?L&G’s victory dance convinced more members of the press than did the FSA’s equivalent.
Three months into statutory mortgage regulation and the phony war is about to end. So far, the FSA has adopted a light-touch approach to regulation to give firms a period to iron out any unforeseen problems in complying with the new rules. Three months is clearly not long enough for some firms as there are still an awful lot of non-compliant financial promotions around, with some broker websites, for example, even still saying the firm is regulated by the MCCB.
By Ewan McAlpine, Senior Client Portfolio Manager In uncertain times, investors naturally seek safety. But in fixed income markets, what does that really mean? Ewan McAlpine outlines the approach RLAM’s Fixed Income Team will be adopting across its credit funds in response to potentially volatile markets this year. Click here for full article
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