Figures from the Office for National Statistics show retirement wealth has almost doubled over the past decade, but a closer look at the numbers also lays bare the bleak reality of the gender pensions gap.
A substantially sized box has resided in my bedroom since the summer, its contents having been given a three-month extension due to a lack of joined-up decision-making.
With just 10 days to go until the 2019 general election, opinion polls are pointing to the Conservative Party securing a majority government – a prospect the UK stock market seems to also be pricing in, with the FTSE 250 index hitting a 15-month high last week.
It is that time of year once again when billions of pounds will be handed over by consumers on the hunt for Black Friday bargains. But as far as investors are concerned, bargain-hunting is not reserved for just one day of the year – particularly for those who are fans of investment trusts.
General election campaigns resemble more of a marathon than a sprint, but having handed rival parties an early march last week, the Conservative Party has come last out of the traps.
The party launched its manifesto yesterday (24 November) and conspicuously absent was a key pledge to reduce tax for high earners, which was made by prime minister Boris Johnson only a couple of months ago.
The cat is finally out of the bag. Increasing numbers of investors are warming to the virtues the investment trust sector has to offer. Formerly regarded as the City’s best-kept secret, investment trusts have enjoyed an unprecedented level of investor demand in recent years, with the sector’s assets jumping by £100 billion over the past six and a half years to pass the £200 billion milestone for the first time at the end of July.
Neil Woodford’s dramatic fall from grace risks dampening the appeal of smaller-company investing, cautions Peter Ewins, lead manager of the BMO Global Smaller Companies investment trust.
My better half has accomplished something most people give up on or forget about after a couple of days or weeks at the start of each year: she has completed a New Year’s resolution. While I vowed, and failed, to cut down on pasta, Ms C set about consolidating pension pots from previous employers into a self-invested personal pension.
Woodford Patient Capital shares slid by nearly 8% yesterday (4 November), following the latest writedown of one of its holdings.
Link Fund Solutions, which oversees the valuations of the holdings in Woodford Patient Capital, reduced the value of the trust’s investment in Industrial Heat, a nuclear energy firm, by £45 million. As a result of this, the net asset value (NAV) of Woodford Patient Capital was cut by 5p per share.
In a new video series focused on investment funds, deputy editor Kyle Caldwell considers what investors should look for in a fund that they are pondering including in their Isa or Sipp.
He talks to multi-manager Rob Burdett of BMO Global Asset Management about desirable fund manager qualities, how much weight you should give to past performance, and succession planning after the departure of a star.
Watch their conversation here.