In our weekly round-up of the stories your clients may have read in the national newspapers over the weekend, you may receive client calls on the ISA season, income funds and Britain's loss of its prized AAA credit rating...
Here are our pick of articles from the nationals...
ISA season is approaching, so there was plenty in the nationals about what to do, how to switch, where to invest etc...
The Sunday Times warned about savers being tempted by deals offering ‘generous' bonuses, while The Telegraph pondered whether - with ISA allowances failing to keep pace with inflation - the government was "killing off" the ISA season. The Guardian, meanwhile, was busy dissecting the discount deals available on the market. Regardless, it's that time of year again, and you can expect a few calls on where to invest.
Articles your clients may have read in the nationals over the weekend
No matter what you've achieved with your clients' money over the last decade, a report in the Telegraph may prompt a question or two from investors. The piece explains how the FTSE has gained rapidly over the last decade (on 12 March 2003 the index bottomed out at 3,287) and pointed out that, invested in the right fund, a cool £1,000 might now be worth £10,000. The fund? Invesco Perpetual Latin American. Who'd have thought?
The Daily Mail reported on a ‘double whammy' of policy changes that will mean some 80,000 women being unfairly denied the proposed single-tier state pension in 2017. Campaigners are calling on the government to look again at some of the recommended changes to the draft Pensions Bill, so some savers may want your take on the situation.
Investors are being warned to beware of cuts in dividends after insurer RSA reduced the income it pays investors. The decision, which sent the group's shares plummeting, meant RSA's full-year dividend payment per share was reduced from 9.16p to 7.3p. The Telegraph said the decision left a question mark hanging over the usually-bumper yields offered on insurance shares.
The decision by Moody's to cut Britain's prized AAA rating may send a bit of a shiver down the spines of some investors, but should it? A piece in the Telegraph suggested that, while the initial reaction may be panic, most analysts see the move as largely irrelevant. However, with its impact on sterling - which has fallen some 7% against both the dollar and euro this year - some may be unnerved.
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