This was the rather bold statement made by Bill Gross, managing director at PIMCO, this week. PIMCO is the world’s largest bond manager, which means such a warning should be taken quite seriously.
The usual approach to the delivery of impartial independent advice is to provide what we refer to as “focused advice” A client may have an identifiable and pressing need or want.
The FTSE 100 index of leading UK company shares finished the week at 5,188.52, up 42.78 points or +0.83% on the day and down 114.47 points (-2.16%) over the week.
New figures from the Office for National Statistics (ONS) have shown that employers paid £40.6bn into company pension schemes in 2008. This represents a £4bn (9%) drop year-on-year.
Informed Choice chartered financial planner was quoted in Moneywise magazine today, in an article about building a tax-efficient investment portfolio.
All financial transactions have advantages and disadvantages. Never buy a financial product unless you have had the disadvantages clearly explained.
Should you ever take retirement benefits early from your pension plans and in particular take the much loved tax free cash lump sum?
The UK economy officially entered recovery today, with growth of 0.1% in the final quarter of 2009. It means GDP fell by a record -4.8% during 2009.
The annual bonus rate for 1.5 million Standard Life With Profits policyholders has been frozen this year, following their bonus announcements this morning.
Making a will is an important building block in terms of financial planning. At the very least it helps to ensure that what you want to happen in the event of your death actually does happen.