Savings & investments

Archives for October 2018

Reuters
I've just discovered Reuters! For business, markets and other general news just simple, clear, uncluttered pages! No irritating pop ups about security, use of personal information; unobtrusive links to news items in more detail to the right, nothing starts without you asking. No string of scantily clad 'personalities' down…
Is my money safe?
I've just sold my house and at the moment the money is in a non interest account. I know the full amount is covered by the FSCS for six months even though it's over the current £85K What I'd like to know is can I transfer the whole lot to an interest account and still get the same cover for the same length of time…
Embrassing maths / investment questions
Hi I need some help - sorry its so basic. Just using examples below. Fund A - has gone by 10 pence Fund B (which is made of by 50% of fund A and 50% of fund C) has gone by 18 pence. How can I work out the performance of fund c? I am trying to determine the the performance of the assets that make up 50% of a fund. I have…
Migrating towards passive
I have a chunk of active funds in my ISA which I intend to keep but I also have a chunk of cash after selling some funds with the intention of de-risking a little from where I was. In one ISA I'm 60/30 equities/cash and in the other I'm 40/60 equities/cash. The total in both ISA's is around £50K so the cash is around £25K.…
Investments in a foreign currency
If you invest in a S&P 500 ETF listed on the LSE and buy in £, is your investment tied to £ or $? Is the above any different (apart from using Euros rather than $) to say physically exchange £ for Euros and invest in Euros, with returns in Euros? In both scenarios above, how does a change in the £ exchange rate effect your…
Kids savings account advice
I currently have a Kids Regular saver account for my daughter which I opened when she was born in February 2018 saving £80 per month. The interest rate was fixed at 4.5% for 12 months after which it moves to a different rate of less than 1%. Can anyone advise what the best option is for me to do in February 2019 I.e is…
How much savings to retire?
Have you ever had that conversation in the office with your colleagues about, ‘ winning the lotto and what you’d buy?” Well the topic came up last week,” how much money do you think you need to retire?” Well I’ve been thinking and can’t quite decide. How much money do you think is adequate to have in order to retire. No…
Saving suggestions please
Hi, I have my step son living with us. He currently has a 'Lisa' (opened 28th May 18) On the 1st of November he will have paid the maximum allowed into that account. He is saving for a house.... Where else can we invest his money next that pays a decent interest but will allow him access to his funds in under a year.. I…
Nursing Homes / Local Authorities, what can they take?
Hi, I wonder if anyone can help, my mother is pretty stressed, my Dad has been in a Nursing Home for over a year now and the local council seem to be including my parents Investments in any means testing they do so are currently refusing to pay-towards or pick up the tab on my Dad's care. My mum's Financial Adviser is…
Shares affected by a posible Labour Government?
How much are share prices affected by the posibility of a Labour Government? Shares in construction companies are said to be affected by the lack of foreign labour. The posibility of the utility companies being privatised, and bought by Government at a cheap price. Government service companies like Capita and Interserve?
Automatic savings bond renewals
I have a savings bond which automatically renewed for another 1.5 years last week however on thinking about it i could use the money a bit better as the interest rate is low. The renewal letter says withdrawals are not permitted until the end of term however if i want to close the bond would that be ok ? there is nothing…
Joint savings account and first death
Has anyone ever heard of a fixed rate/fixed term savings account that allowed penalty-free access to the money if one of the two joint savers should die during the term?
Global events and the shift to the mighty dollar
Hi all, Hypothetical question: Let's assume that wealth is leaving the UK. And let's assume that the Euro will collapse in the next 10 years. And let's assume that taxes in UK and EU will keep rising. And let's assume that taxes in USA keep coming down. And let's assume the US dollar goes up as a result. Given the above,…
Passbook Accounts
Does anyone know of bank/building society that still issues a passbook rather than a card to operate a savings account.
World Index Fund ETF or OIEC
I have no experience in investing in passive index funds but my son is just starting his journey into investments and has no time for research so he has decided on initially investing in a world index fund. He will be investing the full £20K into a S &S ISA from money he has accumulated in cash ISA's paying very little…
How to protect property inheritance
The situation is my Parents are looking at their wills and have asked me about it, I have told them to go to an IFA of some kind but as this forum has been so helpful in the past I was hoping to get some ideas about it before doing that. They have a few properties but very little income from pensions having cashed them out…
Maximiser income funds - are they worth it?
I was looking at the Schroder Asian Income Maximiser fund as I noticed it had a 7.65% yield, as I wanted to compare it to the Schroder Asian Income Z fund which I hold which has a much lower yield at just under 4%. Both funds have the same manager, virtually the same portfolio breakdown by country and sector. The average…
Is this doable on the cheap?
Hi all This may seem a bit ridiculous thing to do but thought I'd ask so I can be educated. I generally trade in funds rather than individual companies, however one (probably more) retail companies sends its shareholders discount coupons once a year. I'm therefore tempted to buy one share in it! From looking at fees I…
£100K inheritance - what to do?
Hi folks, I've just joined the forum as I'd like some of your collective wisdom please. I'm due to inherit £100K from a family member once probate is all sorted and I'm really pondering what to do next with the money. My immediate thought is to pay off the mortgage, but I'm not sure if that'd be the best idea or not. Our…
Buying and selling Charges per Deal
Hi Guys Just wanted to check if anyone can advise if there are a better trading platform out there? I currently trade from AJbell paying £9.95 Shares (including investment trusts, ETFs, gilts, and bonds) Per deal , I think it is quite high. What others think, I don't do a high number of transactions though, at max 5 a…

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MSE News

Barclaycard's cutting minimum repayments – you could be in debt YEARS longer paying DOUBLE the interest
If you've got debt on a Barclaycard, it's likely the minimum you have to repay each month will be cut from July. If you're unaware, and don't act, you could stay in debt for many years longer and pay possibly £1,000s more in interest.
NatWest, RBS and Ulster Bank to close at least 100 branches in 2024/25 – here's the full list, plus alternatives
NatWest, Royal Bank of Scotland (RBS) and Ulster Bank, which are all part of the NatWest Group, will shut at least 100 of their bank branches in 2024/25, after RBS announced a further 18 closures.
Co-op Bank customer? You could be moved to Coventry Building Society in future – here's what's happening
The building society has today agreed to a potential takeover of the high street bank – though it's still very early days and the deal needs regulatory approval.
Got a text, email or letter from the Met Police? Don't ignore it – you may need to act to protect yourself from scams
If you got a text message or email from the Metropolitan Police between 4pm and 6pm on Wednesday 17 April – or you get a letter in the next few days – don't ignore it.
Save up to £1 on your takeaway coffee – while saving the planet
Many of us regularly reach for a cup of coffee or tea to give us a caffeine boost, but if you’re out and about and can't bring a thermos from home, the cost of this can quickly mount up.
Chase customer? Check if you can get its boosted 5.1% easy-access saver
If you have a Chase current account, you may be able to get a table-topping 5.1% easy-access savings rate to go with it, as the bank has launched a new, temporary bonus offer for some existing customers.
New online state pension boosting tool promised to Martin Lewis hit by delays – here's what you need to know
The tool was first promised to MoneySavingExpert.com founder Martin Lewis on ITV's The Martin Lewis Money Show Live last summer and was expected to launch before the end of the 2023/24 financial year.
Spotify to hike prices by up to £24 a year – here's what's happening
If you've got a Spotify Individual, Duo or Family account you'll see prices rise by up to £2 a month (equivalent to £24 a year) in a month's time, the music streaming service has announced.
Subway customer? You've got until 14 May to use your loyalty scheme points before shake-up – here's what's happening
If you're a Subway Rewards member, you have until the end of Tuesday 14 May to spend any points you've built up – or lose them entirely.

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