Heavy selling in February and March left many investors nursing losses, on paper at least, as coronavirus panic swept through global stock markets. But some funds managed to limit their losses or even generate a positive return during the turmoil. Funds that try to protect investors’ capital during falling markets are called wealth preservation vehicles. When you buy these funds, the trade-off is that they will usually lag a rising market, so they can be quite a drag on your portfolio’s performance during a bull market.
Over-55s who take money out of their pension pots during the coronavirus crisis may have to claw back larger than usual tax overpayments from HMRC, pensions consultancy LCP has warned.
FTSE 100 tobacco giant Imperial Brands has slashed its dividend by a third as it prepares for a further hit to profitability from the coronavirus crisis.
A third of people fear that an economic crash could derail their retirement plans, according to new research from Sanlam UK. Sharp stock market falls this year as investors fret about the economic impact of Covid-19 have left many people worried about their pension pots.
Most of the world’s largest economies are still in lockdown to safeguard their populations against coronavirus, although many governments are starting to look at easing restrictions. But who’s really ready to do this and who’s not?
Global stock markets looked to have bounced back from a torrid February and March, but yesterday’s sharp drop in the FTSE 100 warned investors there could be more turbulence to come. But it’s not all bad. There are ways you can use falling markets to your advantage when it comes to financial planning.
One of the UK’s top small-cap fund managers, Giles Hargreave, will step back from the three Marlborough funds he co-manages early next year.
The financial watchdog has warned firms it still expects them to deal with paperwork and post from customers in a timely manner despite the lockdown.
Reminding firms about their duty to vulnerable customers in particular, who may not use online services, the Financial Conduct Authority (FCA) said it realises that firms may struggle to manage important functions in a timely way during the pandemic. This includes processing post from customers and handling cheques.
Family lawyers are expecting a spike in business as the pressure cooker of life in lockdown puts a strain on relationships. Around 42% of marriages now end in divorce, but this number could rise as families fracture during the coronavirus crisis.