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Unit trust and Oeic investors shun regular savings

The majority of unit trust and Oeic investors are shunning regular saving for lump sum investing with average monthly investment at its lowest for years.

Just over 30 per cent of investors choose to invest regularly compared to 73 per cent who prefer lump sum investments. The average monthly investment is £85 compared to £100 in 1996, while the average lump sum investment is currently £4,665.

In January, Autif admitted being “disappointed” the 1.6m Isa savings plans in force were well below the two million plans that were in existence when Peps came to a close last year.

The latest revelation comes from Autif&#39s survey into the buying habits and attitudes of investors.

But the survey reveals the most popular reason to choose a unit trust or Oeic is to beat building society and bank deposit rates. It says investors plan to hold the investment for an average of 8.2 years, the longest since the annual survey began in 1994 when the average investment was held for 7.9 years.

Autif director of communications Anne McMeehan says: “The introduction of Isas has yet to make a significant impact on investor type and behaviour. However, initial pointers do indicate Isa buyers are generally younger than Pep holders.”


Eurolife launches investment bonds for IFAs

Eurolife is launching a range of investment bonds to the IFA market.The range includes a five year Capital Protected Bond Isa, a One-Year Plus Guaranteed Bonus Bond and an International Zero Risk Capital Bond for the offshore market.The Capital Protected Bond Isa provides 100 per cent return of capital after five years with the potential […]

B&B may seek trade buyer

Bradford & Bingley may seek a trade buyer rather than get a London listing in the light of falling valuations for mortgage and savings banks.Their proposed pricing at around ten times historic earnings has dampened down institutional interest in the share offer.Only mortgage and savings banks with aggressive e-banking strategies such as Halifax and Woolwich […]

Small company stakeholder exclusion good news for advisers

The Government has created an enormous business opportunity for IFAs by excluding smaller firms with less than five employees from stakeholder pensions according to Scottish Equitable.This is because new Government rules on stakeholder exempt employers with under five staff from providing stakeholder.The life office says these firms make up nearly two-thirds of UK employers and […]

Ethical trusts smash £2bn mark

Ethical unit trusts have passed the £2bn mark for funds under management, an increase of 35 per cent since last March. Nine new funds have entered the market in the past year, bringing the total to 34 and confirming a steady upward trend in their popularity.Investors can choose funds promoting their personal ethical objectives and […]

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.


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