Costs paid to active fund managers, which charge higher fees due to the operational costs of this management, have been under increasing pressure as these firms compete with low-cost passive managers for market share. Since 2005, passive funds have experienced nearly fivefold growth and now represent around 23% of the assets under management in the… Read more »
Q. I am 30 and my company has just introduced a pension under the auto-enrolment requirements. Do I need to start thinking of pension saving yet or should I just save using the Lifetime ISA? A. There has been much press coverage around Millennials opting out of Compulsory Workplace Pensions with a view to relying… Read more »
Q. I read an article in a national newspaper recently which left me with the impression they were suggesting you shouldn’t necessarily take your pension benefits from your personal pensions when you retire. Surely this must be some sort of flawed logic. Can you explain please? A. It may well be that the article was referring… Read more »
Q. I understand this new “Lifetime ISA” will give me tax relief like a pension, but I can withdraw funds early. Does this mean it is better than the pension I am being Auto-enrolled into by my employer? A. In his budget George Osborne unveiled the Lifetime ISA which will be available from April 2017…. Read more »
Q. My mother passed away recently and one of the investments we discovered she had taken out was called a “loan trust”? Can you explain what this is? A. A trust is a legal mechanism for looking after assets or money for one or more beneficiaries. These are often used as a way to give… Read more »
