The Financial Conduct Authority (FCA) has urged financial advisers to address four areas of concern that are leading to poor consumer outcomes.
I'm looking for guidance on how the winding up of LF Woodford Equity Income should be treated for tax purposes. I expect that this might be a subject that quite a few of your readers will also need to understand.
Let's suppose I paid 120p for some units, and I receive 60p for each of those units from the January payment, and the estimated total payments will eventually be 85p per unit. Would I, for this tax year:
Terry Smith has vowed to not commit the cardinal sin that ultimately led to the downfall of Neil Woodford – changing the way he invests.
Tell the truth” is one of the first verbal rules parents attempt to instil in their children; but when it comes to securing an age-related discount, hypocrisy tends to set in. According to a survey by MoneySavingHeroes, an online voucher code business, 62% of UK parents have lied about their children’s ages, with 40% of those admitting to fibbing frequently in order to get their children into places for free or claim discounts for young children.
The most popular age-related white lies are told to bag travel, theme park, restaurant and cinema discounts – saving £47 on average.
There are increasing signs that investors have grown disillusioned with absolute return funds failing to deliver: new figures show it was the worst-selling Investment Association sector in November 2019.
A total of £656 million was withdrawn by investors, which marks the continuation of a trend that saw the sector at the bottom of the popularity stakes for seven months out of 11 in 2019.
In a departure from the norm, none of our panellists were prepared to back a commodity-focused fund or investment trust. Instead, several have taken a relatively cautious approach to traditionally higher-risk sectors, from India to private equity, while others are favouring income stalwarts such as infrastructure.