Editor's Comment

Editor’s Comment: what investments are good for the next 40 years?

How times change. It’s hard to believe that 40 years ago, when Money Observer was first published, Margaret Thatcher had come to power months previously, Franco’s era in Spain had ended only four years earlier and the UK had just three television channels. On average, men at state pension age lived for just five years (now it’s more than 14) the average price of a home was just under £14,000 and a pint of milk cost 15p.

Editor’s Comment: our new look Money Observer magazine

This is a big year for us at Money Observer: the upcoming October issue marks 40 years since the magazine’s launch as a quarterly supplement to The Observer broadsheet. To ensure it stays trim, youthful and fully on the ball going into its fifth decade, we felt the run-up to encroaching middle age was a good time to take stock and undertake something of a makeover.

Editor’s Comment: why is Lasting Power of Attorney such a big deal?

The conversation with elderly parents or friends about putting in place a Lasting Power of Attorney (LPA) – a legal document that appoints one or more individuals (attorneys) to make financial and/or healthcare decisions on their behalf if they lose the mental capacity to run their own life – is unlikely to be a particularly easy one to start.

Editor’s Comment: what I learned when I met two financial planners

Prior to the past few months, I have had personal dealings with financial advisers only a couple of times. In my first encounter, several decades ago, I was persuaded it would be a shrewd move to pull out of the company pension and open a personal pension with the Equitable Life. That was not my finest hour, with hindsight, though I was not alone: you would be surprised how many financial journalists in the 1990s lost their savings that way.

The Isa is 20 years old: is it time for a birthday shake-up?

When the then chancellor Gordon Brown introduced Individual Savings Accounts (Isas) as an enhanced, more generous version of tax-free Personal Equity Plans 20 years ago in 1999, his aim was a pretty simple one: he wanted to get ordinary people more engaged with their finances, and in particular promote the idea that stockmarket investment was the best way to build a more prosperous long-term future.

Editor’s Comment: how can we get more women to invest for their long-term future?

I recently attended an evening event designed as a forum for young women keen to learn how to make the most of their money. Most, I guess, were under 40. They were engaged and curious; they were not knowledgeable about investing, but they were certainly not fearful of the idea, and asked sensible, practical questions about how to get started, how to prioritise demands on their money and how to approach the risks attached to investing in the stockmarket.

Editor’s Comment: buylists can be helpful, but know what you’re looking at

Around 3,000 funds are listed in the Investment Association’s sector classifications and are readily available to private investors, so it’s easy to understand why many people trying to set up or add to a portfolio may feel like rabbits in the headlights, overwhelmed by far too much choice. And that’s before you throw in another 400-plus investment trusts and the ever-expanding universe of ETFs tracking market indices or ‘weighted’ versions of them.

Editor's Comment: new twist in women's battle over state pension age hikes

If you’re in your early 60s and looking forward to retirement, the past couple of months have hardly been a time for celebration of the approach of your golden years – indeed, quite the opposite. On 6 November 2018, the state pension age (SPA) for men and women was briefly equalised as women’s SPA rose to 65. It’s the latest hike in a series of adjustments that started in 2010 and were accelerated in 2011, designed to bring men and women into line in state pension terms.