Investment Quorum

By IQWealth | Wealth management issues and commentary from multi-award winning UK boutique wealth manager Investment Quorum. www.investmentquorum.com

Italy bails out two banks for 5.2bn euros

<b>Italy's government is bailing out two banks in the Venice region at a cost of 5.2bn euros (£4.6bn; $5.8bn).</b><p>The good assets of Banca Popolare di Vicenza and Veneto Banca will be taken on by Intesa Sanpaolo.<p>Economy Minister Pier Carlo Padoan said Rome would also offer guarantees of up to 12bn euros …

Greece

China's entry to MSCI indices is 'slow motion game changer'

Chinese A-shares will be included in MSCI's Emerging Markets and global equity ACWI index for the first time.<p>From June of next year, the index …

BoE 'did not break the law' when it launched liquidity auctions

Desperate action by the Bank of England to save the teetering financial system during the crisis did not break the law, investigators have …

Personal Finance (UK)

Government tax breaks clampdown on entrepreneurs will bring in £1.5b

The Government will reap an extra £1.5 billion in tax from small business owners this year after a clampdown on tax breaks for entrepreneurs.<p>The …

Personal Finance (UK)

Buy-to-let UK property sales fall by almost 50% in a year

Council of Mortgage Lenders downgrades forecast saying landlords are withdrawing from market in response to tax changes and tighter lending rules<p>The number of properties bought by landlords has almost halved in a year after a tax and regulatory clampdown, prompting a leading banking body to …

Real Estate

Five questions you must ask before swapping your final salary pension for cash

A staggering 80,000 people have given up their “final salary” pension entitlements in the past 12 months alone, prompting renewed fears that they are not being adequately warned about the value of what they are relinquishing.<p>Final salary schemes promise to pay members guaranteed, …

Retirement

Use this '£1 trick' to dodge unnecessary pension tax

Savers are being forced to resort to a “£1 trick” to make sure they don’t get stung by emergency tax levied by HMRC on their pension savings.<p>Because of a quirk of the tax system, if you take a lump sum from your pension the tax man assumes this amount will be taken each month.<p>This “emergency tax” …

Retirement

City watchdog: 'We'll help you cash in your final salary pension'

To the relief of many of the millions of people with “final salary” pensions, the financial watchdog appears to have softened its stance on savers who want to turn their benefits into cash.<p>Earlier this month – as reported here – the Financial Conduct Authority (FCA) blocked several large financial …

Retirement

Is your money safe with an ‘app-only’ bank?

A number of new banks are counting on consumers being happy to manage their finances via their smartphone.<p>But is your money safe with an “app-only” bank?<p>Such banks offer accounts that are set up and managed solely via an app. (For the uninitiated, an app is a piece of software on a smartphone or …

Banking

Pension pot transfers larger than average house

The average size of a pension transfer from a 'defined benefit' (DB) or 'final salary' scheme is now larger than the average UK house, according to …

Pensions

Questions on Investing for Children

If you do have any questions or would like to talk to one of our wealth managers then please do not hesitate to get in touch.

Wealth

Pound hits two-month low after Mark Carney says now is not the time to raise rates; Oil plunges into bear market

Now is not the time to raise interest rates, says Bank of England's Mark Carney<p>Now is not the time to raise interest rates, Bank of England governor Mark Carney said this morning, warning of "anaemic" wage growth and a likely hit to incomes as Brexit negotiations begin.<p>"Given the mixed signals on …

Brexit

Property owners' £2.3tn windfall 'has created huge inequality gap'

Younger people have been priced out of home ownership as baby boomers have benefited, says Resolution Foundation<p>A £2.3tn windfall for those lucky enough to own their own homes during the property boom of the 1990s and early 2000s has opened up a deep and widening inequality gap between the …

Wealth

Senior Barclays bankers charged with fraud over credit crunch fundraising

Bank, ex-chief executive and three others accused, marking first time any top bankers have faced charges over financial crisis<p>Four former Barclays executives could face lengthy jail sentences after the Serious Fraud Office charged them and the bank with fraud over the way Barclays raised billions …

Corruption

Scottish Widows in line for Standard Life merger

Secret talks have reportedly taken place between Scottish Widows and rival Standard Life in a deal to create one of Britain’s largest life insurers.

Personal Finance (UK)

Brexit vote fuelled £146 billion betting frenzy

Currency traders bet £146bn in a selling frenzy as markets reeled on the night of the Brexit vote, new figures show.

Brexit

House prices fall in June for the first time since 2009

The price tag put on of newly-listed homes dropped for this first time this year, according to Rightmove, but last week the ONS said house price …

Real Estate

Sterling flat after London attack

One person has been killed and 10 injured after a man drove a van into worshippers leaving a London mosque early Monday.<p>Investigation of the incident …

Terrorism

Co-op Bank in talks with investors over capital raise

Troubled Co-operative Bankis edging towards a rescue deal that would save the 145-year-old lender from being forced into the arms of the regulator and wound-down.<p>The loss-making bank said it was in advanced discussions with existing investors, hedge funds that are both bondholders and shareholders …

Hedge Funds

Britain and EU launch Brexit talks in Brussels

| BRUSSELS<p>The British and EU Brexit negotiators agreed how to organize talks on Britain's divorce at a first meeting in Brussels on Monday, where both sides stressed goodwill but also the huge complexity and tight deadline.<p>"We've laid solid foundations for future discussions and an ambitious but …

Brexit

Investment committee: What now for downgraded China?

<b>Chairman: Fund Strategy editor Beth Brearley</b><p>Last month Moody’s cut China’s sovereign credit rating for the first time since 1989, taking it to A1 …

Panic selling when stocks fall is usually a terrible idea

Flickr / Feeling My Age<p>October 15, 2014 was a rocky day for investors in the stock market, which at its lowest point dipped 460 points, close to “correction” status. A late-day rally saw stocks rebound, ending the day down 173 points at 16,142. Some investors decided to weather their losses, …

Behavior

Are you among the millions missing out on £650-a-year pension boost?

Employees at larger companies could be missing out on £2bn every year by failing to take their employers’ maximum contribution to their pension.<p>There could be around 3.2 million people losing out. In many workplaces, workers pay a standard percentage of their salary into their pension with the …

Retirement

Debt bubble returns millions to days of 2008 crash

Advisers call for action as growing numbers struggle with their bills<p>Charities and financial advisers are calling on the government to use the Queen’s speech to address the “bubble” of unmanageable debt that households are rapidly accumulating.<p>Unsecured consumer credit – including credit cards, car …

Queen's Speech

Family Building Society launches two Brexit bonds

A small building society has launched two savings bonds to appeal to those who have a strong feeling as to whether Brexit will have a positive or …

Personal Finance (UK)

Cancer and your finances: Your rights at work if you fall ill

Being diagnosed with cancer or any serious illness is devastating, and can quickly turn your life upside down.<p>But for most, coming to terms with the …

Personal Finance (UK)

Guy Opperman to take over as pensions minister

The departure of Richard Harrington, who was moved sideways to the Department for Business in the post-election shake-up, leaves a newcomer with a …

Personal Finance (UK)

Lowdown-Markets-9th-June-2017

A Wealth Management strategy built around you<p>At Investment Quorum we are proud to offer an award winning wealth management service comprising …