http://defaqtoblog.com/mymoney Defaqto MyMoney Fri, 15 Aug 2008 07:01:58 +0000 http://backend.userland.com/rss092 en Cash ISAs are currently offering some mouth watering rates of interest. Small wonder, then, that canny savers are transferring previous years'  ISAs into better paying accounts in droves - thanks to attractive rates and the facility to consolidate previous years'  ISAs into one account. While not all cash ISAs allow transfers-in, some do and ... http://defaqtoblog.com/mymoney/2008/08/15/dont-fall-into-the-transfer-trap/ For the growing horde of emigrating Brits, the facility to transfer one's pension abroad  may look attractive, but could be fraught with pitfalls for the unwary. Since 2004, UK migrants have been able to move their pensions to foreign schemes without the UK scheme incurring an 'unauthorised payment charge.' This is only ... http://defaqtoblog.com/mymoney/2008/08/14/beware-pitfalls-of-transferring-your-pension-abroad/ Insurers are under pressure to 'treat their customers fairly' so it is good to see Norwich Union doing just that with its revamped income protection plan which provides flexibility and strong after care service. Income protection is an insurance which pays out if you are too ill to work for a long period. If you ... http://defaqtoblog.com/mymoney/2008/08/13/income-protection-with-flexibility-and-after-care/ Selftrade is the latest online broker to offer trailing stops - a share trading tool that offers a way to lock in profits in volatile markets. Whereas with a traditional stop-loss, shares are sold if they fall to a fixed level, with a trailing stop, this trigger price ratchets up if a ... http://defaqtoblog.com/mymoney/2008/08/12/selftrade-offers-trailing-stop-loss/  The debate over the Retail Distribution Review continued apace with Whitechurch chief executive, Kean Seager, predicting it could kill off up to 20 per cent of the intermediary market.   Skandia supported a split between advice and sales but that is should be applied across the whole of the financial services market.  ... http://defaqtoblog.com/mymoney/2008/08/11/adviser-news-round-up/ It's nice to see an insurance company launch a customer friendly product for a change. I'm  referring to Fortis's Real Life protection plan, launched in conjunction with the broker, Life Search. In  brief, Real Life incorporates seven protections - including term assurance, critical illness and income protection - all within one plan, obviating ... http://defaqtoblog.com/mymoney/2008/08/08/all-in-one-life-product-plugs-gaps-in-protection/ Pensioners who opted to take income drawdown at retirement, rather than purchasing an annuity, could face a sharp drop in their monthly income as a result of recent stockmarket falls. Income drawdown is the facility to draw a monthly income from your pension fund while it remains invested in the stockmarket ... http://defaqtoblog.com/mymoney/2008/08/05/drawdown-investors-annuitisation-income-falls/ With growing interest in how to tackle global warming, ethical investors now have a new option -  climate change funds. One of the most notable entrants in this sector is the Virgin Climate Change fund, where the fund managers, Pierre Lagrange  and Ben Funnell of the second largest hedge fund GLG, cherry pick ... http://defaqtoblog.com/mymoney/2008/08/04/climate-change-funds-option-ethical-investors/ As the holiday season reaches its peak, millions of holiday makers will be taking to the roads this weekend, but if you're going abroad, it's essential to check out whether you sufficient cover. Tescocompare.com, the car and home insurance comparison site, shows that while price remains the most important factor for over two thirds (70 per ... http://defaqtoblog.com/mymoney/2008/08/01/cheapest-car-cover/ A million Aviva policyholders in two of Norwich Union's with-profit funds are to be made offers of windfall payouts of, on average, £1,000.   About 700,000 people could receive between £400 and £1,000, and another 220,000 could get a payout of between £1,000 and £3,500 if they accept. The payouts, worth a ... http://defaqtoblog.com/mymoney/2008/07/31/windfalls-nu-policyholders/