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2019年2月14日 星期四

Investors lose out to mistakes on FCA register

Plus: the worst 'dog' funds revealed – is yours on the list?

Thursday, February 14, 2019

Telegraph Investor 

The best of the Telegraph's investment analysis, advice and expert opinion to help you navigate the complex world of growing your money.

The Telegraph take

By Harry Brennan personal finance reporter

Telegraph Money's ongoing investigation into alarming flaws in the FCA's register of authorised firms has revealed further failings that could lead to investors losing millions.

Despite promises the register would be improved, following calls from this newspaper, further worrying developments have surfaced.

Our reporter Adam Williams has uncovered the latest shortcomings of the City watchdog – read the story here.

In other news, the number of underachieving funds has more than quadrupled in a year. Read on to see if any of your investments are on the "dog" funds list.

 

Investing ideas

 

Fund of the week

Stock markets in China took a massive hit in 2015 and have struggled to recover ever since.

An ongoing trade war with America led to another disappointing year for many invested in the Asian nation in 2018.

The advent of the "year of the pig" marks a new start and we took a look at the Fidelity China Special Situations fund managed by Dale Nicholls.

Mr Nicholls told reporter Sam Meadows why he is ignoring Donald Trump and why he thinks the Chinese economy is in good shape despite recent headlines.

 

Questor

 
 

Chart of the week

Bar chart showing the net cashflows in each Investment Assosiation sector

Brexit uncertainty continues to trouble retail investors, who pulled almost £5bn out of British funds in 2018.

As the above chart shows, European funds were also out of favour, losing around £1.3bn of investor cash.

Instead many are tying their money up in global funds, as well as in Asian and American markets.

Should investors follow the herd? Reporter Jonathan Jones investigated.

 

Need to know

Fines for landlords caught out by tax probe more than double in a year

How ‘bank account’ pensioners outsmart the taxman

Homeless man fined by HMRC for filing his tax return late

 

Savings and current accounts

NS&I makes offer to 65,000 savers ahead of cut in May

Nearly 500 ATMs close a month as Britain's rush to a cashless society accelerates

Lloyds Bank customers left without online banking services

 

Best of the rest

Sony Music chief Rob Stringer: 'I lived in student digs until I was 29'
Read the interview

Moral Money: 'Can I lie to my insurer about how much I paid for my engagement ring?'
What do you think?

'20 years of tax rises to come' – five ways to beat them with our best tax-saving tricks
Find out more

 

You have the last word...

Francis Barnett said about the landlord tax probe: "HMRC going for the low-hanging fruit as usual I see, and ignoring big businesses that have the resources, money and time to tie it up in knots."

Deryk King said about NS&I: "If a private bank behaved in this underhand way, the regulator would come down on them like a ton of bricks."

John Clark said about property funds: "Open-ended property funds (unit trusts and OEICs) are not really suitable vehicles for retail investors - the assets aren't 'liquid' enough to enable managers to meet a sudden rush to leave by investors."

 

Contact us: to pose a question to our team of expert reporters, email moneyexpert@telegraph.co.uk. If you'd like a free financial plan, email money@telegraph.co.uk with the subject 'Give me a Money Makeover'.

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