What’s happening
UK millennials embrace robo-advice more than global peers
Salvus Master Trust awarded Master Trust Assurance Framework accreditation
Are fund groups finally splitting apart when it comes to fees?
Neil Woodford’s eponymous asset management business put fund fees back in the spotlight recently after opting to reveal all the additional costs associated with the group’s flagship income fund.
Nucleus sponsors Yorkshire Rows, the oldest female team to have rowed an ocean
WisdomTree Europe: 2015 Grexit episode suggests to stay hedged until ‘B’-Day
Beer & Bytes podcast ep #7: Quidco and Kim Jong-un
In MRM Digital’s latest podcast, we interview Quidco’s Victoria Leyton about what’s next for the cashback site and talk about North…
Kames CIO: Time to back credit as ECB recovers its mojo
Are we creating a ‘lost generation’ of young people?
Today’s young people have been disproportionately hit by the financial crisis. This age group suffers from high unemployment, with levels of young people in work still not returning to their pre-crisis high, as well as poor job security. It is also increasingly being shut out of the housing market, instead being forced to rent at ever-rising prices. At the same time, many of the benefits enjoyed by their parents’ generation, such as free university education and in many cases, generous, defined benefit pension schemes are no longer available to them.
Do young people need to change their financial priorities?
What’s more important to young people, a pension or a property? According to a recent report by financial services consultancy MRM of 1000 young people aged between 18 and 25, it’s property. Just over 32% of those surveyed said this was their top financial priority. On the other hand, just 7% said the same about a pension. Conversely, 21% were prioritising clearing debts and around 20% were saving for something specific, such as a holiday or a car. But with more and more young people locked out of the property market and lacking the means to save for a deposit, should they be focusing on saving for a pension instead?
Unless oil stays below $50 we will have an inflation problem, says Kames’ fixed income chief Roberts
Are young people savers or spenders? Part II
Yesterday, we looked at what was preventing Generation A from reaching their saving aspirations, according to MRM’s recent report “Generation A:…