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There’s not much choice when it comes to children’s investment accounts. Only a handful of providers offer them, such as...Netwealth." For anyone with a traditional adviser, but who doesn't feel they need the full fandango of advice every year, I like Netwealth. It's a hybrid offering, with an adviser assigned to each client offering either face to face or online meetings. The extent to which you use a real-life adviser is up to you." Gerard Lyons, Chief Economic Strategist at Netwealth, says: "Overall it is improving the rate of opportunity, increasing the rate of economic growth so we all benefit but important for future growth is to make sure we don't overly tax or burden middle- or high-earners." Gerard Lyons, Chief Economic Strategist at Netwealth, writes: "The prospect of inflation and higher rates is weighing on the chancellor’s thinking, as each raises the cost of servicing government debt, via index-linked gilts or overall borrowing costs. Rishi Sunak’s room for manoeuvre is limited..."
A recent survey by Netwealth found that only 53 per cent of parents were planning to split their wealth evenly amongst their children. Worryingly, the same research also found that only 23 per cent of young adults had openly discussed succession plans with their parents. Charlotte Ransom, CEO of Netwealth comments "There will always be a need,...to plan for the retirement years or to consider inheritance and wealth transfer; however...technological advances have helped raise awareness and allowed for much improved access to information." A recent report [by Netwealth] found that 47% of people don’t intend to split their estate equally between their children which may come as a shock to those left behind. Gerard Lyons, Chief Economic Strategist with Netwealth, says "...The positive about this tax is that it is aimed at a good reason,...at catching the internet companies etc.. That's why many countries agreed to it...at 15%."