Fund manager warns investors UK dividends “likely to fall” August 3, 2016 The managers of the £655m Evenlode Income Fund have warned that UK dividends are "likely to fall over the next year or two". Hugh Yarrow and Ben Peters said that the referendum vote could make it more difficult for UK domestic sectors – such as banks, commercial properties, construction, house builders and retailers – to sustain [...]
How to help your kids handle money August 3, 2016 Getting the younger generation engaged with money matters is more crucial than ever. The lot of today’s young is radically different to their parent’s, and being financially literate is an increasingly important life skill. “Teaching proper money management is possibly one of the best gifts you can give your children. It could save them untold stress [...]
M&G in the dog house as a massive £10.7bn of investor cash is left in serially underperforming funds August 2, 2016 Leading investment group M&G is in the dog house as a new report reveals it's holding a massive £10.7bn of investors’ cash in serially underperforming funds. UK savers have left a massive £18bn of cash in funds which are failing to deliver – and M&G is responsible for 60 per cent of it. The findings come [...]
Brexodus: Retail investors took £3.5bn out of funds in referendum month, “eclipsing” financial crisis outflows August 2, 2016 Retail investors fled investment funds at a “quite extraordinary” rate in the EU referendum month, new figures show. The Investment Association’s figures for June, published today, show £3.5bn was taken out of funds, including £2.8bn from equity funds and £1.4bn from property funds. In the weeks after the referendum, trading on several property funds was suspended [...]
Ros Altmann is right: It’s time to scrap the state pension triple-lock August 1, 2016 As with many contemporary policy debates, the furore over the state pension triple-lock has its roots with Gordon Brown. Back in 1999, when Brown was chancellor, the state pension was increased by 75p per week. “Derisory”, claimed pensioner groups. Only “enough to buy a packet of peanuts”, bemoaned national newspapers. Scarred by the backlash, political [...]
How startups seeking funding suffered from investor referendum jitters August 1, 2016 Startups and high-growth companies seeking investment suffered in the run-up to the EU referendum, a new study suggests. The Deal report from Beauhurst, which monitors equity fundraising secured by private companies in the UK, tracked 557 deals completed, and announced, in the first half of 2016 – down 22 per cent from the second half [...]
Olympic visitors urged to be extra vigilant in fight against credit card fraud August 1, 2016 Fraudsters in Brazil are poised to exploit the influx of international visitors for the Olympics a survey revealed today. With half a million visitors expected for the Olympics, research by ACI Worldwide indicated that 49 per cent of Brazilians have experienced some kind of credit or debit card fraud in the last five years, second globally [...]
Nearly half of young people to use lifetime Isa to save for retirement August 1, 2016 Nearly half of younger Britons will use a the lifetime Isa to save for retirement instead of taking out a pension plan a survey outlined today. A YouGov poll said that 44 per cent of Britons between the age of 18 and 39 would favour using the government’s new lifetime Isa in order to put [...]
UK’s newly found entrepreneurial ecosystem must be protected from Brexit negativity, says Business Growth Fund chief executive August 1, 2016 It’s difficult to imagine Stephen Welton, the chief executive of the Business Growth Fund (BGF), in a Gymbox, a company whose Twitter biography reads: “We believe that going out and working out should be one and the same thing, and that hot and sweaty exercise should be pure unadulterated entertainment.” “I don’t know if you’ve [...]
Investors backing small businesses after Brexit vote July 29, 2016 Investor confidence in small companies is apparently intact after last month’s Brexit vote. A survey of 1,000 UK investors has found 52 per cent would support small and medium-sized enterprises (SMEs) through private investment channels after the EU referendum. Read more: More than half of UK SMEs say banks are not "business friendly" The report, [...]