Double trouble for negative interest rates and the complexities of ESG - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend...
Negative rates are here already for some investors Investors holding a total of £9.5bn are suffering negative returns just so they can keep their savings in cash funds, The Sunday Times reports. While the threat of negative interest rates looms, money market funds are already charging savers for holding money, rather than paying a return in real terms, Candid Financial Advice found that five of the 14 most commonly held money market funds left investors worse off over the past year because of their fees - even before inflation was factored in. A further £7bn of savers' money he...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
