ICR036: Sharks, Pre-Pups & 50 Cent
This week in episode 36 of the Informed Choice Podcast, Martin talks about investment sharks who are after your pension fund, why couples are choosing to put in place ‘pre-pup’ agreements in case of divorce, and how the rapper 50 Cent tricked us into believing he was living a luxury lifestyle.
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In the personal finance and investing new roundup this week:
-The Bank of England has kept interest rates on hold at 0.5%.
-Institute of Financial Planning (IFP) and Chartered Institute for Securities and Investment (CISI) propose a merger.
-The US economy added 215,000 new jobs in July.
-Specialist annuity providers Just Retirement and Partnership have announced they are to merge.
-Greece has reached a deal with its creditors on a new bailout deal.
-China, the second largest economy in the world, has devalued its currency by around 2% against the US dollar.
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Main topics
The sharks are out and they can smell blood in the form of your pension fund. Citizens Advice has issued a new warning about free pension reviews, exotic investments and high-return financial products. These are among the fraudulent financial offers being pushed on older people.
What would happen to your pets if you and your partner ever split up? A press release from The co-operative landed on my desk earlier in the week, based on research that nine out of ten couples (93%) haven’t given any thought as to what would happen to their pet, should they ever split up.
How wealthy are wealthy people, really? Curtis James Jackson III, better known by his stage name 50 Cent, or Fiddy, is an American rapper and entrepreneur, who filed for Chapter 11 bankruptcy protection last month, after being hit with a court order to pay $5 million to Lastonia Leviston, a lady who featured in a sex tape allegedly released by the rapper.
Question of the week
The question of the week; do you have an agreement with your significant other about who would keep the pets if you split?
Useful links
Here are links to everything else Martin mentioned in episode 36 of the Informed Choice Podcast:
6 ways 50 Cent says he tricked the world into believing he was rich
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