Much has happened since I began writing this column more than two years ago: the UK has voted for Brexit, Donald Trump has been elected US president and new trade tariffs have been imposed. But some things haven’t changed. In my first column, I argued that cutting out your daily cappuccino won’t make you the next Wolf of Wall Street. Whenever it’s suggested that it … Continue reading Marina’s Monetary Musings: Invest your tuppence wisely – or better yet, feed the birds
There is a belief that people with psychopathic traits – like aggression, cold charm and a ruthless lack of empathy – do well in the financial industry. So a team of academics, led by Leanne ten Brinke, a social psychologist at the University of Denver, set out to investigate if that’s the case. Her team studied the video interviews of 101 hedge fund managers. The … Continue reading Marina’s Monetary Musings: Mirror, mirror on the wall – who is the best one of all?
In recent weeks, most of us have been deluged by a flood of emails asking if we’d like to stay in touch with a certain company or charity. That’s because on 25 May, the European Union’s General Data Protection Regulation (GDPR) came into effect. The basic idea is to create one set of rules to modernise data privacy laws across European member states, currently including … Continue reading Money Observer: GDPR – what investors need to know
Following the recent introduction of Morningstar’s carbon risk rating by Morningstar, we reveal how carbon-heavy the most popular investment funds are An increasing number of investors look to environmentally friendlier and more ethical ways of growing their money, and choosing the right funds is part of that process. When choosing a fund, investors can invest in funds that are specifically ‘ethical’ or ‘responsible’. Alternatively, they can … Continue reading Money Observer: How carbon-heavy are the most popular funds?
Among millennials who don’t invest in the stock market one common objection is: ‘It’s too much of an effort for something I’d only get a few hundred quid out of it.’ But is this sentiment justified? To begin with, there are two glaring reasons for why millennials shy away from investing. For one, millennials mistrust financial markets, given that they – or we – came … Continue reading Money Observer: Here’s why it is worth investing small amounts
‘The lack of change is one of the more remarkable characteristics of the Finsbury Growth and Income investment trust,’ Nick Train said at a Frostrow Capital investment seminar today. Indeed, the highly regarded fund manager is known for the very low turnover of his portfolios, which keeps his trading costs down. Since 2011, Train has created just three new positions in this trust. ‘I’ve had … Continue reading Money Observer: Nick Train on the virtues of doing nothing
Large charities embroiled in scandals have brought charitable giving into disrepute, from Oxfam staff who sexually exploited victims of the Haiti earthquake, to harassment at Save the Children. But the failure of these charities should not put you off donating. Indeed, the philosopher Peter Singer argued that ‘if you are living comfortably while others are hungry or dying from easily preventable diseases, and you are … Continue reading Marina’s Monetary Musings: How to become an ‘effective altruist’
Last week saw the deadline for companies with over 250 employees in the UK to report their gender pay gap. The figures revealed that HSBC has a gender pay gap of 59 per cent, Lloyds has a 32.8 per cent gap, Legal & General have a 30.5 per cent and Aviva has 28.5 per cent. While the gender pay gap in the UK was at … Continue reading Money Observer: How to close the gender pay gap in finance
A new report by the Work & Pensions Select Committee is proposing the creation of a ‘default decumulation pathway’; in other words a default investment fund for those who do not make their own investment choices. The idea is to echo the success of auto enrolment – which ‘nudges’ people into saving for retirement by doing nothing. Similarly, these pathways would create a kind of … Continue reading Money Observer: Parliamentary committee calls for ‘default fund’ at retirement
A grandparent who looks after a grandchild, so that the child’s parent can go back to work, can boost the amount of state pension they receive. By applying for a national insurance credit, a grandparent looking after their grandchild for one year could add £230 per year to their state pension, or £4,500 over a typical 20-year retirement, according to Royal London. The credit would … Continue reading Money Observer: Grandparents can claim pension boost for looking after grandchildren