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Tech fund fever continues, says IFA

IFA Willis Owen claims a growing number of mature investors have seen their technology stocks perform so well, that they are now reluctant to sell up.

Traditionally, those approaching retirement have sold equities and bought safer investments such as bonds in order to lock in the gains their portfolio has made.

But it believes this is no longer the case with many older investors clinging on to their top performing funds in the hope they will continue to bring excellent returns.

Managing director John Owen says: “Even octogenarian grandparents seem to be going down with technology fever. Their equities are doing quite well and they are loathe to part with them.

“I stand by the old rule, that the percentage of your capital in equities should be 100 minus your age. So if you are 80, only 20 per cent should be in equities.”


Reinventing the will

What holds people back from buying financial services products?Often it is fear of buying the wrong thing or it can be simply not knowingthat a product is available.IFAs have for many years filled the market need for someone to say “thisis right for you”, giving them the confidence to buy, safe in knowledgethat it is […]

A&L cuts mortgage rates

Mortgage bank Alliance & Leicester is launching rate cuts on its two year fixed rate and five year buy-to-let mortgages. The two year fixed rate will move to 6.19 per cent from 6.49 per cent and the five year buy-to-let rate will reduced to 7.39 per cent from 7.59 per cent. First time buyers will […]

Open all hours

The online phenomenon will have a significant impact on the traditionalIFA. Not all consumers understand the value of independent advice and thelegacy of pension misselling has been a damper on business.This is where the internet comes into its own as it is seen as another wayto gain access to significant impartial advice and, by using […]

Companies in DC link

Invesco is teaming up with Scottish Life to launch a new range ofdefined-contribution pension plans.The fund manager is gearing up to enter the market later this year with arange of DC products including personal and stakeholder plans.ScotLife will provide the pension plans with full third-party admin andsupport.Invesco managing director of UK defined-contribution business DavidButcher says: […]


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