ASI Income Focus fund, previously named Woodford Income Focus, re-opens tomorrow (13 February 2020), with investors able to either buy or sell from midday today (12 February 2020).
Lifetime renters will run out of retirement money over a decade before homeowners, according to a new research from TISA, which promotes tax-free savings and investments.
The new report, titled ‘Getting Retirement Right: Plan, Prepare, Enjoy’, has modelled several scenarios for UK savers entering the workplace in 2025, to better understand the levels of savings needed to enjoy a “comfortable retirement”.
Aviva Investors UK Listed Equity Income fund has topped the “White List” in Sanlam’s half-yearly Income Study, which highlights the most and least reliable UK equity income fund performers.
Gripped by fears over the outbreak of coronavirus, China’s main indices, since they re-opened after Chinese New Year, have taken a beating. This has also been felt by open-ended funds. Of the 38 funds in the Investment Association universe that are focused on Chinese equities, only three are in positive territory since the start of 2020.
The Investment Association (IA), the trade body for open-ended funds, has delayed the inclusion of exchange trade funds (ETFs) in its fund sectors.
The IA initially announced it had launched a consultation looking at ETF inclusion in its fund sectors in late 2018. In 2019, the trade body confirmed that ETFs would be included in the first quarter of 2020.
Pension savers are aiming for an average annual retirement of income of £30,805, with those in younger age brackets expecting the highest amount.
The findings come from a poll of 2,000 UK adults carried out by pensions advice specialist Portafina.
Among those polled there were stark differences in expectations across both gender and age.
Investors started the new decade much as they had spent the last: buying technology and growth stocks. At least that was what the latest data from Money Observer’s parent company interactive investor showing the most bought investment trusts of January suggested, with technology-related trusts proving the most popular.
The Church of England is launching its own custom passive index to invest its pension savings in.
The new index, created in collaboration with FTSE Russell and the Transition Pathway Initiative (TPI), part of the London School of Economics’ Grantham Research Institute, aims to capture company alignment to the Paris Climate Agreement.
The Chinese stockmarket has suffered its worst day in almost five years, with the Shanghai index closing down 7.9% on Monday (3 February).