Boring Money has got a lot of investor views about Andy Burnham – which could perhaps reflect client sentiment as well.
As founder Holly Mackay writes to her readers – “You were broadly neutral about his policies in general but 50% thought he would be negative for your personal finances, with just 7% saying he would be positive. The general vibe was that he would be OK for Britain but “worse for me.”
“The major concern was tax. Three-quarters of all respondents worried about Capital Gains Tax (CGT) and 64% of you were concerned about a potential wealth tax.”
This should be a very worrying trend – and a challenge for the Pension Commission’s second report - Research from Penfold has found 13 per cent of UK employees have reduced, paused or stopped their pension contributions in the past 12 months owing to financial pressure. FTAdviser reports.
Investment Week reports that Hargreaves Lansdown is expanding its crypto offering by adding CoinShares ETPs for both Bitcoin and Ethereum. Changing times.
Interesting exchanges at the Lords Financial Services Regulation committee between their lordships and senior FCA exec David Geale who sets out why the regulator is not currently regulating answers given by AI outside the regulated environment. He also tells the committee that improving understanding of AI risks should form part of financial inclusion strategy. Octo Members reports.
Nucleus profits reach £62m as its PE backers see big dividend reports Citywire New Model Adviser.
Revenue rose 3.5%, as the platform giant continues its migration to FNZ.
Three men have been jailed for a combined 15 years and nine months for running a seven-year, £70m investment fraud.
The trio duped more than 3,000 people, many of them pensioners, out of their savings.
Matthew Pickard, 56, was sentenced to six years in prison, while Stephen Greenaway, 47, was sentenced to five years and three months and Paul Laver, 47, received four years and six months.
The scheme was marketed as an ethical investment involving planting trees in Costa Rica but crucially no money was set aside to maintain or harvest them, meaning investors could not generate the returns they had been promised.
