The coronavirus has wreaked havoc with the stock market, pensions and interest rates. Younger savers will have decades to recoup losses, but those close to retirement face tough decisions. So what should you do if you were hoping retire soon and do not have a final salary pension to bank on? Money Mail has asked … Read more
Neil Woodford’s former protege Mark Barnett fired from Perpetual Income and Growth Investment Trust for underpeformance Mark Barnett had been manager of the £418million trust since 1999 The trust has lost 40% of its value over the past two years, putting him under pressure The decision comes days after Invesco wrote down the value of the … Read more
Boris Johnson is facing fury today over his apparent failure to support self-employed workers during the coronavirus crisis amid claims he will soon offer them 80 per cent of their incomes to stop them falling into poverty. The Prime Minister held a Cabinet meeting in Number 10 this morning, just hours after he put the UK … Read more
Boris Johnson is facing fury today over his apparent failure to support self-employed workers during the coronavirus crisis amid claims he will soon offer them 80 per cent of their incomes to stop them falling into poverty. The Prime Minister met with his Cabinet in Number 10 this morning, just hours after he put the UK … Read more
Countless industries are being hit by the coronavirus pandemic, with a skyrocketing number of Americans losing their jobs. But while some of the suffering industries are obvious — restaurants, bars, travel, sports, gambling, movie theaters, retail, automakers, gyms — it turns out that Instagram influencers, too, are losing most, if not all, of their income. … Read more
Britain has joined the rest of the world in pushing the pause button to try to combat the coronavirus pandemic. This has sent the economy into uncharted waters and could lead governments and central banks there too, as they try to pull off rescue plans big enough. Highly unusual financial measures including helicopter money, people’s … Read more
Insurers are pulling income protection insurance due to the coronavirus outbreak – and some are looking for ways NOT to pay out if you get sick Insurers pull out of the income protection market as coronavirus spreads Those still offering it reportedly planning to introduce coronavirus exclusions This means new policyholders won’t get a payout … Read more
In need of a stock market champion? SIMON LAMBERT on the Dividend Hero trusts that have boosted payouts since The Doors sang Light My Fire By Simon Lambert for Thisismoney.co.uk Published: 06:00 GMT, 19 March 2020 | Updated: 06:00 GMT, 19 March 2020 If ever there was a time when investors needed a hero, it’s … Read more
NORTH AMERICAN INCOME: The trust that invests in big US names but avoids the FAANG tech stars By Jeff Prestridge for The Mail on Sunday Published: 23:47 GMT, 14 March 2020 | Updated: 10:23 GMT, 16 March 2020 Not even the somewhat conservative portfolio underpinning investment trust North American Income has protected shareholders from the … Read more