Latest news with #HollyMackay
Telegraph
5 days ago
- Business
- Telegraph
Masterclass live at 12pm on 26 June 2025
Speakers Holly Mackay, investment expert and founder of Boring Money, and Matt Conradi, deputy chief executive at Netwealth, will discuss a range of topics critical to long-term wealth preservation as well as answering your questions about why it's important to diversify beyond bricks and mortar. The webinar will start at 12 noon on Thursday 26 June
Telegraph
30-05-2025
- Business
- Telegraph
Join Netwealth's Beyond Property masterclass
In the UK we often choose to invest in bricks and mortar, but with frequent tax rule changes and relatively high interest rates currently the norm, is this really the best way to build your wealth? Our panel of experts will discuss why it's important to diversify beyond property and how to make your wealth work for you. Sign up to join the webinar on 26 June to hear Holly Mackay, investment expert and founder of Boring Money, and Matt Conradi, deputy chief executive at Netwealth, share their expertise and to hear them answer your questions. Guest speakers Holly Mackay: Mackay has 25 years' experience in the financial service industry and is the founder and chief executive of Boring Money, a free, independent website that offers consumers help with investments and pensions. Matt Conradi: Over the past 15 years, Conradi has worked with a wide range of clients and families to build their financial plans and manage their investments. As head of client advisory at Netwealth, he has helped to develop proprietary wealth planning tools, financial advice and guidance services so that clients can make more informed decisions about their financial futures. Host Helena Pozniak: A freelance journalist and editor with over 15 years' experience in print and television. At the BBC, Pozniak was a producer and reporter on European news and features (BBC World) and before that she worked for Reuters. She currently writes for The Telegraph, other newspapers and magazines as well as leading universities and school publications. Event Details: Theme: Beyond Property: Long-Term Wealth Preservation with Netwealth Host: Helena Pozniak Guest speakers: Holly Mackay, Matt Conradi Date: 26 June 2025, 12-1pm Location: Online webinar (email address required for access) Eligibility: Attendees must be aged 18 or over Key dates: Attendees must register before 23:59 on 24 June 2025 Register here for this Telegraph Media Group hosted event for Netwealth: Find out more at When investing, your capital is at risk Netwealth Investments Limited is authorised and regulated by the Financial Conduct Authority, with firm reference no. 706988. Registered in England and Wales, with company no. 09493628 and with registered offices at The Bloomsbury Building, 10 Bloomsbury Way, London, WC1A 2SL.
Daily Mail
20-05-2025
- Business
- Daily Mail
How 10% of your pension could be forced into risky businesses, by investing expert HOLLY MCKAY
Holly Mackay is the founder of Boring Money, an independent research firm that provides tips and comparison tools to savers and investors. Last week Chancellor Rachel Reeves and 17 pension companies got together to sign what is called the Mansion House Accord. It's a voluntary pact, by which these companies promise to put 10 per cent of pension money they manage into so-called 'private markets' by 2030. This is investing into businesses or projects which are not listed on a stock exchange, and are typically things like infrastructure or property. There's another thing too – 5 per cent of this is to be invested into UK private markets. Hmmm. Let me frame this another way which might feel more relevant to readers. In five years' time, the Government and pension companies have agreed that 10p of every £1 in your pension should be invested in private markets, with 5p of this going to the UK. I have a fundamental problem with the Government trying to influence how my retirement savings are managed. Why should our pension savings be used to deliver Rachel Reeves's growth? Frankly, I'd like my pension money to be invested in whatever will get me the biggest stash when I retire because going to Ibiza, embarrassing my children, finding an inappropriately handsome young tennis coach and drinking fizz for breakfast (only at the weekends, I have my standards) will be very expensive. Private markets have historically been very expensive, illiquid (you can't just sell your stake in a new rail project overnight), extremely hard to track and monitor – and it's a very small market in the UK today. Many readers will be scarred by the Woodford hoopla back in 2019, where one of the UK's most popular funds was effectively suspended (gated) and people couldn't get their money out. At the time of suspension, one-fifth of the money was in illiquid stuff, mostly in unlisted healthcare or biotech companies, which was the source of all the problems. These types of investments can be all hunky-dory when everyone feels good. But when everyone runs for the doors shouting, 'Yikes, Give Me My Money NOW', you can't sell quickly enough to do this. And it goes wrong. Quickly. To be fair, workplace pensions are different creatures and most people trundle along, largely ignoring them, often unaware that the pension is even invested, and there would not be the type of mass exodus demands which we see in the retail world of the more engaged private investor. There are other counter arguments to my opinion. Some argue that whopping big pension firms will be able to negotiate much better prices for these investment opportunities. Some say that there are brilliant companies out there which aren't available on public markets. This is why many like Scottish Mortgage or Edinburgh Worldwide Investment Trust, for example, because you can own a bit of Elon Musk's Space X company through these, which isn't available on general stock markets. And some point to the potentially larger returns from private markets. You can also make the case that all this investment in the UK could create jobs, stimulate growth and boost the economy, which long-term will improve wealth for many. I'm just not sure that someone due to retire in five years' time gives a monkey's about that, and it's a very hard argument for a trustee to prioritise when that concept of 'fiduciary duty' means their single job is to enable me to afford as much tennis coaching as is humanly possible. Not to fix the UK's pallid productivity or weak comparative investment track record. Here's my beef. Money talks. If these opportunities were indeed so great, the money would be flowing there now. Investments get found when they perform well. If the UK looks like a good bet, money will flow irrespective of any Accord. If the UK performs badly, trustees will blame the Government for a lack of pipeline, the Government will blame the pensions companies and amid all the finger pointing, you, me and millions of innocent pension savers will be watching from the sidelines, wondering if we couldn't have made more, more cheaply, if we'd just stayed invested in simpler stuff. Or, dare I say it, in the US. I'm an entrepreneur. I love investing in new things. I want to back growth. But lead the argument with convincing evidence about superior performance and low costs and I'd be much more engaged. Will we solve this problem by shoving Ma and Pa's money this way OR by ensuring that the environment for UK companies allows them to excel and perform? I don't want politicians to tell me where I should invest my money. Full stop.
