Investments: Alliance Trust increase charges

Alliance Trust, a favourite of DIY investors, have increased its charges on their Stocks & Shares ISA (Individual Savings Account) in a move that many financial experts believe is a direct result of new FSA (Financial Services Authority) rules to be bought in at the start of 2013. Retail Distribution Review The Retail Distribution Review, or RDR for short, will come into effect from 1st January 2013 and will stop platforms, such as Alliance Trust, taking payments from investment funds. At present many investment funds pay part of the Annual Management Charge, which is paid by investors, back to the platform. The ...

Lessons learnt from the latest financial crisis

August is usually quiet on the world’s stock markets, not this year! The graph to the left shows just how volatile the FTSE 100 has been in the past month or so. So, as savers and investors, what has the last few weeks taught us? We thought we would take a rather tongue in cheek look at some lessons learned. 1. The financial crisis is not over The days of the credit crunch and the official recession seem a long way away, but their effects can still be felt everywhere we look. Interest rates are at all time lows and inflation is rising, forcing people to ...