Tom Bailey

Why a lifetime spent renting will put a big dent in your pension pot

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”.

How funds have fared since the outbreak of coronavirus

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.

Inclusion of ETFs in fund sectors postponed

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.

Retirement expectations versus real life: why a reality check is needed

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.

Top 10 most popular investment trusts – January 2020

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.