Have you seen the warnings about reckless baby boomers taking advantage of the budget’s new found freedoms to release and then spend all that newly available pension cash? The pensions minister Steve Webb may regret his Lamborghini reference, though he … Read More
What should investors make of the St James’s Place decision to switch to Neil Woodford’s new operation?
If you invest with St James’s Place and many people do, then your next discussion about your portfolio may well focus on the decision to switch substantial mandates away from Invesco Perpetual and hand management to several other fund management … Read More
Congratulations Nest on your millionth pension investor. Now what about a set date for ending that confusing 1.8% contribution charge?
A pension scheme that you are probably starting to become familiar with reached a rather spectacular one million members this week. Everyone, and not just those million members, should be congratulating Nest – or the National Employment Savings Trust as … Read More
Will the botched media strategy from the financial watchdog end up undermining its own inquiry into closed insurance policies?
The Financial Conduct Authority has clearly botched its media strategy when it announced – or leaked – plans to investigate closed insurance policies in the summer a few days prior to the publication of its business plan. There are two … Read More
The Money Advice Service has come under intense scrutiny in the last year. It did not have a great start, spending a huge amount of money on marketing and advertising since its creation in 2010. Most recently its ‘What does … Read More
There is an odd feel to many of the fines the High Street banks have received from the regulator for financial advice failings. The latest, a stonking £12m plus fine for Santander, applies to a force of advisers that has … Read More
Thinktank the Strategic Society Centre has hit out at the Budget for potentially fuelling a new buy-to-let boom and pushing home prices even further out of reach of first time buyers. Writing on website Public Finance director James Lloyd has … Read More
If you are a savvy investor or saver, then the Budget was fantastic news. You can even, if you still wish, buy an annuity, though predictions this morning from Barclays suggest that the market may well decline by two thirds … Read More
This week saw a new wealth management service offered by the Times and Sunday Times Group linking with wealth manager Bestinvest. Readers/clients can select from four levels of service. These are – Transaction only: a non-advised on-line service providing access … Read More
This morning Willis Owen gave details of its best selling funds. Two of the top five funds in January were the Invesco Perpetual Income and High Income, news which is perhaps a little surprising. It is difficult to know quite … Read More
John Lappin, the editor of Mindful Money, has been a financial journalist for more than 15 years. He was a long standing editor of financial newspaper and website Money Marketing and was Headline Money journalist of the year 2009. He believes it is essential that trust is rebuilt between consumers and the financial services industry though most of the onus is on the industry to demonstrate this trust. Without this, consumers and investors will remain undersaved, underinvested and underinsured with huge implications for themselves, their families and for the country too.