Figures released today by the Investment Management Association (IMA) show that gross sales of Individual Savings Accounts (ISAs) were the highest ever for any October. They were also the highest monthly figure outside the ISA season since June 2000.
Back in the 1960s, the original hippies celebrated “flower power”. As this generation approaches retirement, a new ‘HIPpy’ spirit has emerged. HIPpy in this context refers to the ‘Home Is Pension’ mantra so common amongst Britain’s over-50s.
A warm welcome to readers of New Model Adviser magazine who are visiting our new website after seeing it featured on page 13 of the Citywire publication today.
The FTSE 100 index of leading UK company shares finished the week at 5,245.73, up 51.60 points or 0.99% on the day and down 5.68 points (-0.11%) over the week.
Think about Dubai and you probably picture great weather, sandy beaches, luxury hotels and and modern cities. News yesterday that State-owned Dubai World wants to delay repaying its debts for six months had a big impact on global stockmarkets, with the FTSE 100 closing down -3.18%. Has the Dubai bubble finally burst?
The big news in the world of fund management this morning is the return of Anthony Bolton to running money. Bolton, arguably one of the most successful investors of his generation, will be relocating to Hong Kong to manage a new China fund for Fidelity.
Informed Choice chief executive Nick Bamford is speaking at the Personal Finance Society (PFS) Conference 2009 in London tomorrow morning. Here are some videos of Nick rehearsing his presentation, about how to change to the new advice model, this afternoon.
Informed Choice has been Highly Commended in the Gold Standard for Independent Financial Advice category at the Gold Standard Awards 2009.
It has just been announced that the Supreme Court has ruled in favour of the banks in respect of alleged unfair banking charges. This ruling will disappoint those banking customers who were hoping to reclaim billions in pounds in historic bank charges.
Informed Choice chartered financial planner Nick Bamford was featured in an article on thisismoney.co.uk recently, answering a question from a reader about what will happen to his annuity fund when he dies.
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