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...Among the proposals suggested is mandating stock market participation from the record sums of private capital that have poured into the city-state in recent years, such as into family offices and other wealth...
...planning at Canaccord Genuity Wealth Management....
...Christian Nolting, global chief investment officer at DB Private Bank, agrees....
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...Putting that gift towards their deposit would save them an additional £160,000 over a 25-year mortgage term due to the lower loan-to-value ratio afforded by a larger deposit and the resulting lower interest...
...It has also faced criticism over its allocations to private companies, which began in 2012 and contributed to a boardroom bust-up last year....
...This “snob factor” was part of the allure for some customers, says one independent wealth manager, adding that such clients regarded the private-bank style treatment as proof that they had made it....
...When Tory ministers can no longer afford to pay their mortgages, you know the cost of living crisis has entered new territory....
...Last year’s survey revealed that even the wealthy were managing their personal finances more cautiously, with fears of redundancy, higher mortgage costs and feared hikes to private school fees influencing...
...Katy Eatenton, mortgage and protection specialist at financial services group Lifetime Wealth Management, said the data highlighted “the immense pressure tenants are under....
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...Saving to cover the cost of child-related expenses — particularly if the Labour party wins the election and adds value added tax to private school fees — was the fifth most popular reason for saving....
...“My mortgage was paid off last year. But my defined benefit (DB) pension from BAE Systems earlier in my career makes a big difference to my decision,” he says....
...Over two days this month, UBS drafted in Roger Federer, Bill Ackman and the head of Covid vaccine maker Moderna to give a series of motivational talks to the Swiss lender’s 250 most senior private bankers...
...its traditional areas of credit, such as Lombard lending and mortgages....
...“For example, if my buy-to-let mortgage is up for renewal, should I use my capital to pay down the loan or contribute more to my pension?” he said. How will Making Tax Digital change the landscape?...
...The combination of coming off a fixed-rate mortgage and facing across-the-board price rises can easily add £2,000 to monthly outgoings....
...The New York-based securitised products business packaged debts, such as mortgages and loans for yachts, before selling them on as securities....
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...But she believes Indonesia must do more if it wants to lure more wealthy individual clients away from global family offices or big private banks in Hong Kong or Singapore....
...Fund and wealth managers, as well as peers, have been calling for a change in the way investment trust fees are reported, which they say has further depressed share prices....
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