Analysis in the report shows that investors who put money into zombie funds are often being disadvantaged as a result of high charges and poor investment performance. Regular investments reviews, typically annually, are therefore essential to ensure your funds are able to work as hard for you as possible.
Research conducted by Saga has confirmed that one in seven UK retirees accessed their pension pots without advice, which represents more than £3.2 billion having been drawn as a lump sum from pensions. Retirees have accessed approximately £23.6 billion in total since the pension freedom rules were introduced in April 2015.
With just a few weeks remaining before the end of the tax year, time is running out to use your tax-free ISA allowance. In addition to the well-known attraction of being completely tax-exempt, many investors are unaware of a small but hugely significant change to dividend tax, which make tax-free investment allowances all the more appealing.
Following the absorption of the clients and funds from Organic Investment Management Plc, it is opportune to note that we are looking to take on new staff to assist our endeavours! We may well select new staff to fulfil roles such as:- administration assistant, paraplanners/trainee advisers and senior secretarial staff.
According to a report by Janus Henderson, global dividends for companies broached the highest ever level last year at £1.1trillion, up 8.5% on the previous year. We welcome this. What we think the global investment industry must do however, is much more to dispel the perceived fear of capital risk to investors without acknowledging the benefits of having at least some of your money in shares and which do produce income.
One Social Media Platform in particular is being warned of investment scams being promoted on their sites with victims losing a total of £3 million since October 2018. Action Fraud issued the warning, after receiving 356 reports of fraud targeting Instagram Users, reporting the average loss to be £8,900.