Many people have not understood the tax implications of drawing down their money, meaning that savers withdrawing pension cash are handing over millions of pounds in income tax.
Italy is defying the EU over public spending. But this time, the markets won’t come to Brussels’ aid. That’s going to be a big problem for the EU.
When investing in funds, it’s worth choosing boutique firms whose managers invest along with the clients. And an investment trust is nothing but a mini boutique, says Merryn Somerset Webb.