The growing number of retirees in debt is a worrying problem for all generations August 7, 2019 Most people aspire to a retirement that allows them to do things that they didn’t have chance to do while they were working. But this comes at a price. Shrinking pension pots, coupled with the fact that retirees will be facing longer, more active retirements, means that debt is increasingly becoming an obstacle to consumers [...]
High-yielding Aviva rewards investor patience August 7, 2019 | City Talk Aviva is rewarding investors who stayed the course while the insurer streamlined its operations. Having previously gone through a streamlining operation which left Aviva (LSE:AV.) fitter, the focus is now turning to a strategy review to ensure the company maintains its relevance. Perhaps not surprisingly, this has resulted in mixed fortunes as the business transforms. There has been [...]
Hargreaves Lansdown CEO and executives waive bonuses in wake of Woodford scandal August 7, 2019 Four executives including the chief executive of Hargreaves Lansdown will surrender their bonuses this year following pressure over the company’s support for Neil Woodford’s flagship fund. Hargreaves Lansdown continued to recommended Woodford’s equity income fund right up until it was suspended on 3 June after becoming overwhelmed by investor withdrawals. The gating of the fund [...]
Lessons in investing from England’s Cricket World Cup victory August 7, 2019 | City Talk It may not have felt like it at times during the final but England started the Cricket World Cup as clear favourites to win the tournament. Forget the weight of money that tends to distort domestic teams’ odds ahead of a major sporting event. Independent data had England ranked as the top one-day cricket side [...]
Standard Life Aberdeen profits down despite asset increase August 7, 2019 Standard Life Aberdeen has seen a modest increase in assets under management and a slow in outflows but this has failed to stop its profits from dropping in the first half. The figures The asset manager reported adjusted pre-tax profits of £280m for the first half of the year, down from £311m for the same [...]
Legal & General boosts profit and revenue in first half of 2019 August 7, 2019 Legal & General boosted profit and revenue in the first half of 2019, as it said the UK represents an “enormous opportunity” for its growing pensions market. The figures The insurer saw profit before tax rise 12 per cent year on year to hit £1bn in the six months to June. Earnings per share grew in [...]
The last resort: With travel operators running into trouble, here’s how to protect your holiday August 7, 2019 When you’ve spent hundreds or even thousands of pounds to escape to somewhere sunny for the summer holidays, you may have to stifle a scream when you find out that your travel operator has gone bust days before you were set to fly. This scenario will sound all too familiar to many families, after news [...]
University is not the be all and end all for success August 7, 2019 Exam results are looming, and with fears of failure and disappointment plaguing young people up and down the country, it’s about time we make students in the UK more aware of the realities of our changing professional landscape. The fact of the matter is that a piece of paper should never and will never define [...]
Over 5m savers at risk from pension scams August 7, 2019 More than 5m pension savers across the UK are at risk from common scamming tactics, underlining current concerns over fraudsters targeting people’s retirement cash pots. A new report from two of Britain’s top financial bodies has found that 42 per cent of pension savers, which equates to over 5m people, could be in danger of [...]
When the fund stops: Why times are tough for UK asset managers August 6, 2019 It’s been a difficult year for the UK investment industry, and things could get worse before they get better. Fallout from the Woodford saga and increasing fears of a no-deal Brexit are continuing to pummel asset managers as they try to stem ongoing outflows. And with regulatory pressure ramping up, they are facing questions not [...]
