Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Quote - Lloyds Banking Group Plc is working with investment banking advisers on the sale of some assets from its pension provider Scottish Widows, according to people familiar with the matter.
The British bank, which is being advised by Fenchurch Advisory Partners and Morgan Stanley, is exploring a sale of a £6 billion ($7.3 billion) portfolio of bulk annuities.
Bulk annuities are insurance policies brought by pension plans to offload the long-term risks of their defined-benefit pensioners. Such deals have become more attractive this year as rising gilt yields improved pensions’ funding positions.
LETS HOPE THEY GIVE US A SPECIAL DIVIDEND IF THEY SELL THIS LOT (& back in the room)
Steve - You can only have access to 25% of your total pension pot as a tax free lump sum when you reach the required age which currently is 55, the remainder is taxed as income.
Whereas you have access to 100% of your ISA & it's always tax free (well it is at the moment).
Something to bear in mind.
Here, where I already hold a few, RDW & BWY are now almost down to the buy prices I set with AJ Bell some months ago in the good old ISA account.
So, if all posters can kindly get there crystal balls out I would like to know if I should commit or wait for them to tank further, ha!
My thinking now is I will cancel them & just see what occurs, if I miss the bottom so be it I'm still getting over 5% interest in the Santander account. I guess there are a few with this dilemma so good luck to all holders & prospective holders.
The Liberals are saying they will build 150,000 new homes per year by the end of the next parliament & Labour say that they want to build 1.5 million homes within five years.
Even I'm not that naive to believe what any of them say but it seems to me that the promise of getting the UK building homes will be at the forefront of the next election bun fight & surely this can only be positive news for those of us invested in this sector.
As a smallish investor in PSN (500 shares) & with cash to invest I would be interested in what those more intelligent than me have to say on this subject (are you there Strictly?). Particularly which companies in the sector are best positioned to benefit.
I personally favour Bellway & or Redrow & with an average of £11.41 in PSN I'll be holding these for a while I suspect.
Bertram asks, as many of us also do, what is he missing about this SP appearing to be in the doldrums.
I say relax, it's mainly in my opinion down to broader market uncertainty. Higher interest rates undoubtedly benefit the pension side of LG but on the flip side investment management suffers. Don't forget that LG have to keep paying those pensions come what may & this side of the business is huge & getting bigger, back to market uncertainty again.
If ever there was a company ripe for being split up LGEN is the one, much like GSK.
So again I say relax, when the market recovers & it will, a legal & general share at today's price (8.8% yield) will prove to be an excellent choice. Mrs G will be investing some more if this gets to the 205 to 210 range.
I think that Av's 3rd quarter trading update is due on 16th November so by the 17th I would think us poor shareholders may have an idea what's going on (if anything). FWIW & I've been at this game since the 1980's, there's no smoke without fire, GLA.
A bit of calm is required here fellow holders, less speculation because that's all there is & a bit of patience, what will be, will be.
One thing I do know is that since I invested in the stock market it seems to have been good for my health ... I've lost several pounds!!
Thanks for posting this LesBoy, it is indeed excellent news. From my current experience with a daughter receiving immune therapy treatment for melanomas at the Royal Marsden in Fulham / Sutton this is indeed very worthwhile. I for one wish these professional, compassionate, knowledgable people the very best of luck with this venture.
A general election is looming & Labour are the bookies favourites. Being reported is that they are seriously considering adding VAT to “Financial Services”. How do posters view this in respect of the insurance sector & the SP here? Thanks G.
A general election is looming next year & Labour are the bookies favourites. Heavily reported is that they are seriously considering adding VAT to “Financial Services”. How to posters view this in respect of the insurance sector & the SP here? Thanks G.
Alas - Good to read that you are zero cost here & I presume elsewhere. May I ask what other shares you would currently be looking at for your first 10 holdings if starting out in this game. Thanks G59
Poker - What you need to realise about Gutterknob is that he has the brain of a child & the intellect of an imbecile or is the other way round? He just makes things up & posts them on here thinking it makes him look clever but 99.999% of posters here know the truth, he's just a sad man posting rubbish.
Thanks very much too all those that have replied, your comments are very insightful & welcome.
My position is that I have a large pot of money to put somewhere, these are dividends from a company I sold some time ago (I had the foresight to arrange divi's from company profits to be paid to me for five years after selling).
Zac - I have held MRCH for some years but will take a look at HHI, thanks.
Trouts - I am a follower of Strictlybricks already, he as you know has a wealth of knowledge of that sector & he also writes an excellent informative housebuilding blog.
Thanks again all & good luck.
As this is generally one of the more interesting & polite boards I thought I would ask this question.
I am at a stage of my life when all I want to do is hold some less risky stocks for dividends, sheltered from the nasty tax man in ISA's. I have enough money in funds & in cash savings accounts paying between 5% & 6% so now I want to buy some more individual shares with a wedge of money begging for deployment.
In the insurance sector I already hold here & Aviva at an average under where the SP's currently are.
My question is where next to invest & I would be grateful if holders in the same position as myself would give me their thoughts & even some ideas where they invest, I can then do my own research.
I am thinking of banking & miners or house builders as a bit of a bet.
Many thanks in advance & best wishes to all investors.
All Mr Starmer has to say in order to guarantee Labour get in is that he won't tax us any further & may even reduce some taxes. Like it or not labour are a "shoe in" & from a lifelong tory voter they can't really be much worse than this lot who have really messed up. At least Corbin isn't about any longer, now that would have been an event.