Interactive Investor scraps monthly income drawdown fee

Investing platform Interactive Investor has announced plans to scrap and change a number of costs from its investment and Sipp service from 1 October.  The biggest change for pension investors is the removal of its monthly income drawdown fee, however, customers hoping that its £10 per month Sipp fee that amounts to £120 a year … Read more

THE PRUDENT INVESTOR: Covid cost me, and I still fear a second wave 

Did you hold on through the roller-coaster ride? It has been a nerve-jangling few months since Covid-19 sent the stock market into a spin. At the time of deepest gloom, I produced figures showing how quickly share prices had rebounded after previous dips, and highlighting the risks of panic-selling. We’ve already had a healthy bounce-back, … Read more

PUNT OF THE WEEK: Mining investor Metal Tiger shares up 66% this year

PUNT OF THE WEEK: Mining investor Metal Tiger’s shares up 66% this year as it prepares for key float By Daily Mail City & Finance Reporter Published: 21:50 BST, 7 August 2020 | Updated: 21:50 BST, 7 August 2020 Mewtal Tiger is an AIM-listed firm that invests in mining companies and projects it thinks are … Read more

Rapture for Blondie as music investor Hipgnosis snaps up 197 songs 

Rapture for punk legends Blondie as music investment firm Hipgnosis snaps up 197 songs By Daily Mail City & Finance Reporter Published: 21:51 BST, 5 August 2020 | Updated: 21:51 BST, 5 August 2020 Music investment fund Hipgnosis has snapped up song rights to punk band Blondie’s back catalogue. The firm said Blondie co-founders Debbie … Read more

Investor that torpedoed Intu wants Trafford Centre sale

Investor that torpedoed Intu’s survival hopes keen to flog Trafford Centre in quick sale By Daily Mail City & Finance Reporter Published: 21:53 BST, 28 June 2020 | Updated: 21:53 BST, 28 June 2020 The investor that torpedoed Intu’s survival hopes is keen to flog the Trafford Centre in a quick sale, according to reports.  … Read more

Tesco facing investor revolt over pay rules

Tesco facing investor revolt over pay rules after departing boss is handed a controversial bonus boost By Daily Mail City & Finance Reporter Published: 21:51 BST, 19 June 2020 | Updated: 21:51 BST, 19 June 2020  Tesco is facing an investor revolt over a controversial decision to change its pay rules and hand outgoing boss … Read more

Award winning investor, 36, is found dead in a barn near his £3.5m home

Award winning investor, 36, is found dead in a barn near his £3.5m home he shared with his wife after he went missing when £180m was wiped off his fund by coronavirus crash Guy Rushton, 36, was found in barn near his home in Cranborne Chase, Wiltshire Rushton had worked at Polar Capital – a … Read more

Lloyds boss Antonio Horta Osorio hit by investor mutiny over his pay

Lloyds boss Antonio Horta Osorio hit by investor rebellion as a third of shareholders rail against his pay deal By Lucy White For The Daily Mail Published: 21:50 BST, 21 May 2020 | Updated: 21:50 BST, 21 May 2020 Embarrassment: Lloyds boss Antonio Horta Osorio Lloyds Bank was hit by a investor rebellion yesterday as … Read more

How do you become an Isa millionaire? Interactive Investor reveals investment trusts are key

DIY investment platform Interactive Investor has revealed its average Isa millionaire account is powered by a much larger weighting towards investment trusts than funds. These bigger accounts have 46 per cent in closed-ended funds on average, with only 7 per cent of their portfolios in their open-ended counterparts. The most widely held trusts are the … Read more