Older men are more likely to be saving and using an IFA than younger women, according to research by Standard Life.The survey of 1,500 people, conducted by Experian in July, shows that most 26-35-year-olds think there are better things to spend their money on than saving. But at the same time, more 26-35-year-olds intend to contribute more to their savings in the next 12 months than older investors. More men than women are saving, with 70 per cent of male respondents contributing to a savings plan compared with 55 per cent of females. Women were also more cautious than men, with 31 per cent thinking now is a bad time to invest in stocks and shares compared with 24 per cent of men. Respondents in employment were more likely to save in a pension, with 70 per cent actively doing so, compared with 33 per cent outside employment. Those people with a Standard Life pension were more likely to have an IFA (49 per cent) than those who did not not (28 per cent). Hallmark managing director David Holbrook says: “It is a disappointment that so few young women come through our doors. We tend to see more men than women and females do tend to express more cautious opinions than men. However, when markets are tumbling, women would probably say that is a good thing.”
VirtualNet has been locked in a bitter dispute with a former member who is accusing the network of applying unfair charges to lock members in. MacArthur Denton Asset Managers threatened to take legal action against the online network when it was hit with a charge of just under 20,000 on resigning its membership. VirtualNet insists […]
US small-cap manager Rob- ert Graham Brown has left Threadneedle. Brown joined the company as a graduate trainee in 2001 and he has been managing the American smaller com- panies growth fund since early 2004. Threadneedle says it plans to recruit a replacement for Brown as soon as possible. The firm has appointed Samuel Morley […]
Sesame has appointed St James’s Place mortgage marketing manager Paul Rignall as its mortgage product manager. Rignall replaces Andy Young, who left for TBMC in April.
Syndicate Asset Management – a strategic investment company seeking to build a fund management firm by consolidating smaller fund managers – is seeking an Aim listing after raising 33m in pre-IPO financing.
By Kim Jarvis, Technical Manager with Canada Life’s ican Technical Services Team. Inheritance tax has been around in some form since 1796. Estate duty dates back to 1894 and over the years this tax has evolved into the inheritance tax (IHT) we know and love today, which was introduced in 1986 as a replacement for […]
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Trump’s announcements of tariffs on steel and aluminium have led to a much greater focus on the risks posed by his presidency We have had a rollercoaster start to 2018. January saw a rapid rise in global equities before markets succumbed to a technically driven sell-off, recovered a little, and sold off again on the […]
Legal & General has appointed Mark Jones to the role of product director of UK protection, within its insurance division. Jones joins from Sun Life. He will be responsible for the developer of both retail and group protection products, and will report into the managing director for UK protection, Steve Griffiths. Griffiths says: “We are […]