News about Ian Dempsey

Have your savings gone to the dogs? A survey from wealth management and DIY investment group Bestinvest reveals that a whopping £53 billion of British investors' money is tied up in funds that have underperformed the benchmarks they try to beat for three consecutive years. These 137 so-called 'dog funds' are actively managed, which means that they charge fees for managers who handpick investments. But, in reality investors would have been better off not forking out for managers' salaries and instead buying a cheap tracker fund with investments picked by algorithms. Jason Hollands, of Bestinvest, says that those who find their investments on the dog fund list might want to ask themselves if they want to stay put - or go elsewhere.

Investing even just a few pounds a month can help grow your wealth, but a £10,000 lump sum should be enough to make some meaningful returns. And while birthday cards might tell you that 'age is just a number', it really does matter when it comes to making the most of your money. The way we invest needs to alter as we approach major life changes, taking bigger or smaller risks with our cash. We asked experts what they would do with £10,000 at every age to ensure that it grows as much as possible - without taking on unnecessary risk. These are strategies that can be used by new investors as well as those with years of experience.