Smithson investment trust, the brainchild of Terry Smith, will become the biggest ever investment trust launch when it makes its stock market debut later this week (19 October), pipping Neil Woodford’s Patient Capital Trust, which previously held the crown.
The month of October has a bad reputation with investors – something that will not be improved any time soon following the stock market turbulence of the past couple of days.
The third quarter saw a marked improvement in activity for investment trust launches and the signs are that the last three months of the year will be a busy affair.
Once again rumours that pension tax relief could be in the firing line are doing the rounds, ahead of Philip Hammond delivering his Budget later this month.
The Financial Conduct Authority (FCA) is consulting on new rules that aim to better protect investors in funds that hold illiquid assets.
The Financial Conduct Authority (FCA) has finalised new rules on final salary pension transfers, in order to improve the quality of pension transfer advice.
Ever since the Brexit vote two years ago, UK investors have been giving their home market the cold shoulder and instead turned their attention towards global businesses.
A campaign group is urging the government to reconsider extending pension freedoms to the large number of longer-standing retirees who have so far been denied the chance to cash in their annuities.
Fidelity’s Ian Spreadbury, regarded as one of the fund industry’s most skilled bond investors, has announced that he will hang up his boots at the end of 2018.
The one attribute that income investors arguably prize over any other is consistency – particularly those who use their investments to fund or supplement their lifestyles in retirement. For this growing band of investors taking advantage of the pension freedoms, a dividend cut is likely to hit the income they pay themselves in retirement.