Mindful News

News

Pension scheme membership hits record 33.5 million but defined contribution rates of 4% nowhere near enough

22 September 2016

insight

Pension scheme membership is at record levels, but Hargreaves Lansdown has warned that defined contribution savings levels are nowhere near high enough. Defined benefit pensions, the vast majority of which are in the public sector, has rates averaging more than 5 times the level of DC at well over 20% of earnings. Total membership of […]

Read More...

Bank of England says outlook post Brexit still challenging

22 September 2016

insight

The Bank of England has released the minutes of its Financial Policy Committee (FPC) continuing to warn of uncertainty following Brexit. The Bank’s FPC has reviewed developments since its meeting on 1 July and since the 23 June referendum. The committee noted that financial system has demonstrated resilience to spikes in uncertainty and risk aversion […]

Read More...

Pensioner incomes double over two decades but will the next generation be as well off?

19 September 2016

insight

Pensioner incomes have almost doubled over two decades, rising from £155 per week in 1995 to £297 in 20151 according to an analysis by pension firm Aegon. While the gap between pensioner and worker incomes has closed and there is just a 7% difference today, the report ‘The Golden Age of Retirement – Does rising […]

Read More...

Bank of England’s corporate bond buying sees eligible bonds outperform by 23%

16 September 2016

insight

The Bank of England’s recent release of the list of eligible securities for its corporate bond buying programme, has led to a material divergence between the “ins and the outs” according to Rory Sandilands, an investment manager within the fixed income team at Kames Capital, with those 92 issuers included outperforming by up to 10bps. […]

Read More...

Despite BHS and Tata, many DB pension schemes not factoring in risk of ‘sponsoring’ employer going bust as they bid for accelerated growth

16 September 2016

insight

The independent trustees of many of the UK’s largest pension schemes are not factoring the risk of the sponsoring employer getting into financial difficulties in their investment strategy, a leading consultancy has warned. The issue has risen to the top of the agenda following the high profile failure of BHS leaving its pension scheme members […]

Read More...

Lifetime ISA to avoid Help to Buy ISA pitfall – Treasury confirms it can be used to pay for home on exchange of contracts not completion

15 September 2016

insight

The new Lifetime ISA will avoid one of the most controversial aspects of the current Help to Buy ISA – the government bonus will be available to borrowers when they exchange contracts not on completion. The Help to Buy ISA has come in for sharp criticism because the bonus on the ISA does not help […]

Read More...

MPC holds interest rate at 0.25% – experts give their views

15 September 2016

insight

The Monetary Policy Committee of the Bank of England has maintained interest rates at 0.25%. Four experts give their verdict on what it means for your money and the economy. Homeowners yet to feel relief on interest rate payments Ishaan Malhi, founder and CEO of online mortgage adviser Trussle “Having cut the base rate to […]

Read More...

The ‘cost of dying’ outstrips inflation as funeral costs increase 5.5% in a year

15 September 2016

insight

Funerals now one of the UK’s fastest rising costs, outstripping inflation, wages and pensions with an average funeral now £3,897, with the total cost of dying reaching a staggering £8,802 per person Families are spending 28% less on the send-off than they were 5 years ago to cover rising funeral costs. Insurer SunLife’s annual Cost […]

Read More...

‘Higher charges but poorer 3 year performance’ – Architas hits out at vast majority of funds with performance related fees

13 September 2016

insight

Research by multi asset manager Architas has shown that 97 out of 121 retail funds which charge a performance fee underperformed the MSCI World Index over 3 years*. The funds which levy a performance have a Total Expense Ratios (TER) almost 40% higher than the average fund from the IA UK All Companies Sector. The […]

Read More...

Remarkable jump in duration risk for index-linked gilts post-Brexit

12 September 2016

insight

Government bond yields have seen a “remarkable” increase in duration risk since the Brexit vote, which brings greater risks, Kames Capital’s James Lynch has said. Lynch, the co-manager of the Kames Absolute Return Bond Constrained Fund, said the rally seen in index-linked government bonds post-Brexit – particularly at the long end of the curve – […]

Read More...
1 2 3 944