Tom Bailey

Government tries to ‘sneak out’ figures showing how much tax pensioners pay

The government has attempted to “sneak out” statistics showing how much pensioners pay in tax, according to former pension minister Steve Webb, who is director of policy at Royal London.

Figures published at the end of April purported to show that pensioners paid £17.9 billion in income tax on their pensions in 2016/17 and £18.4 billion in 2017/18.

Buy, Hold, Sell: why this fund manager is hanging up on Vodafone

Royal London Sustainable Leaders, as the name suggests, focuses upon sustainable businesses. “Our investments are skewed towards companies with products and services that support transition to a cleaner, safer and more sustainable world,” says Mike Fox, who has managed the fund since 2003.

Fox says the fund’s stockpicking process is primarily bottom-up. However, alongside the usual fundamental analysis expected of any stockpicker, he also looks at the sustainability credentials of each company.

Latest Isa statistics: cash Isa sales slump as savers turn to the stockmarket 

The latest Isa statistics released yesterday (30 April) show that while the number of individuals who put money into Isas in the last financial year has fallen, there has been a notable uptick in savers opting for stocks and shares Isas.

The statistics show that there was a total of 10.8 million adult Isa subscriptions in 2017-18, down from 11.1 million in 2016-17.

Is it wise or foolish to bet against the US stockmarket?

For the past decade, the US stockmarket has soared. The S&P 500 has provided investors with generous returns over the past decade. Despite repeated warnings that the bull market is nearing its end, the S&P 500 index has managed to continue climbing, making the bull run, as at March 2019, the longest on record.

Alexander Darwall to run investment trust for five more years

Alexander Darwall has committed to manage Jupiter European Opportunities Trust for a further five years, according to Numis, the investment trust broker.

Darwall’s pledge has been made following the announcement earlier this month that he would no longer be managing his two open-ended funds: Jupiter European fund and Jupiter European Growth.

The statistic that blows the sell in May adage out of the water

There is a long history of investors trying to determine seasonal patterns in financial markets. For some, history shows October to be a particularly dangerous time, with some of history’s largest market crashes happening within the month. For others, the end of year offers the chance for solid gains with the so-called Santa Clause Rally.

Rise in pension incomes increases generational divide

Growth in income for the retired has far outstripped that of those working, according to figures published by the Office of National Statistics.

Household income for the retired has grown by 60% between 2006 and 2018. In contrast, household income for non-retired households has grown by 36%.

Fund managers not scared of the yield curve

At the end of last month trouble was brewing in the bond market as the yield curve inverted, stoking fears that a recession was around the corner.    

The yield curve, the difference in yields between 3-month US government bonds and 10-year bonds, has historically been a reliable indicator of a coming recession.