Future rate rises, past crashes and 'the private banker in your pocket' - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Are you ready for an interest rate rise? With Bank of England governor Mark Carney hinting last week inflation had further to climb, this Financial Times article considers the personal finance implications of any interest rate rise that could soon follow. Rates on savings accounts may have ticked up an average of 34 basis points in September, according to Moneyfacts, but the piece notes investing in the stockmarket has tended to offer the best chance of a real long-term return. According to figures from Fidelity - ever the advocate of ‘time in' as opposed to ‘timing' the market - £15,...
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