It's our round-up of the stories your clients may have read in the national newspapers over the weekend...
Rare good news on the pensions front in the Sunday Express, which reported that some of the largest investment firms, including Aviva, Hodge Life, Canada Life and Prudential, have increased payments for single life annuities. While in most cases it would only amount to a few extra pounds a year, the paper cited it as a "reason to cheer", although, as ever, there was also some encouragement to shop around for the best rates.
Master of disaster
Anyone in the camp that believes the European debt crisis is far from over may have been interested in a piece in the Independent which looked at what Melchior ST European Absolute Return fund manager Leonard Charlton is doing. He has been dubbed the ‘Master of Disaster' for his ability to predict whose share price will fall and his portfolio is currently net short, meaning he is pretty confident markets will fall again.
Over the past few years, we've all got used to boasts from investors who have put their money into gold, but has the commodity had its day? The Telegraph reported on some fund managers who seem to think this is the case, with the easing euro crisis and other signs of recovery among the reasons. Of course, having peaked at $1,900 in August last year, the price of gold has already dropped significantly, and is currently down at $1,625.
Stories your clients may have read in the nationals last weekend
Anyone thinking about getting private medical insurance will have found plenty of food for thought in a piece in the Independent on Sunday, which looked into its costs and benefits. The article stressed that importance of checking policies to understand exactly what is covered, while there was also a warning about the lack of cover for pre-existing conditions. However, while premiums may be steep, they can help policyholder bypass NHS queues.
Nicola Horlick has previously been dubbed the ‘superwoman' of the city and she is back again trying to tempt investors. The former manager of Bramdean Alternatives, who lost millions of clients' money in the Madoff mess, is now raising cash for film ventures, according to the Guardian. Her Enterprise Investment Scheme is mainly aimed at people who can invest £500,000 or more, although it may accept investors who can put £25,000.
Three examples of compensation rule issues
Buying in baskets
Scam victims lost average £91,000
Stepped down following MBO
Helped by rising oil price