Saga Group’s potential over-50s investors will be interested in the divi policy but need to think about its debt profile too

Just because Saga’s business is aimed at the over 50s, doesn’t mean the stock is going to be worth buying if you are over 50 yourself. But of course, it may well be. The news of the Saga IPO with the firm aiming to raise £550m which should see it worth £2.2bn has certainly piqued interest and […]

2 May 2014 by John Lappin

Shares

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Will investors want a tie-up with just one fund manager to manage their pension money? Aegon’s Retiready is offering just that with BlackRock

Pensions firm Aegon has launched a fascinating new service with the snappy title Retiready. This will allow you to set out various details such as your salary, your aims in retirement, how much you currently save and calculate how far away you are from meeting your retirement ambitions. It looks like a sensible modernisation on […]

1 May 2014 by John Lappin

Pensions

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We need to ask consumers what ‘guidance’ about their retirement should look like

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 was trying in the main, to suggest with coming state pension reforms there will be […]

11 April 2014 by John Lappin

Pensions

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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 firms. The eye-catching name among the ‘new’ operations is Neil Woodford of course. It also […]

7 April 2014 by John Lappin

Expert Opinion

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Should deals between newspaper groups and wealth managers influence investors’ decisions?

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 to more than 2,000 investments supported with market-leading planning tools and research Advisory: the investor […]

12 March 2014 by John Lappin

News

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With WhatsApp deal, Facebook is determined not to ‘do a MySpace’

Perhaps the most eye-catching headline concerning Facebook’s purchase of WhatsApp was the suggestion that Google had wanted to buy the firm for a paltry $1bn a year ago. That is certainly some price inflation given that the Facebook deal, admittedly with a few contingencies and conditions, is now worth 19 times that. Of course most […]

25 February 2014 by John Lappin

News

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The annuities problem: don’t let it affect you. And does it have to take a year to fix things?

The FCA is to shake up the annuity market with a significant investigation that deploys its competition powers. It will also look at other issues surrounding retirement decisions. This may be of interest to Mindful Money readers but, we hope, only of passing interest. We hope that you will not, for example, be taking a […]

14 February 2014 by John Lappin

Pensions

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If you are paying a higher charge on your old ‘deferred’ workplace pension, there is usually something you can do about it.

There has been a big kerfuffle about when, how and what level to bring in a charge cap on workplace pensions in the last few weeks. The pensions minister Steve Webb was adamant he wanted to bring a cap into force this year. That would have cut charges that could be levied on your pension […]

23 January 2014 by John Lappin

Pensions

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DWP not passing full information about contracted-in losers to the Office for National Statistics due to ‘workload’. It may rue that decision.

If the Government changes pension policy for the ‘greater good’ and it is bad news for a smaller group of people then surely it is duty bound to at least explain the harsh facts to them. The opposite appears to be happening. It is likely that the segment of the population who decided to remain […]

17 December 2013 by John Lappin

Pensions

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There is evidence of poor disclosure and big price variations from online annuity services – but don’t let that stop you shopping around

The cost of buying an annuity from an online annuity broker varies wildly across the market. As trade website Money Marketing reports, the panel investigated 15 online services using the example of a £49,950 pension pot – minus a 25% lump sum and found the fees for the same service ranged from 0.75% of the sum involved […]

9 December 2013 by John Lappin

Pensions

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