personal finance

Podcast: London Capital and Finance collapse, investing in climate change and buying a ski apartment


The collapse of London Capital and Finance, which sold mini-bonds promising yields of up to 8 per cent, has affected nearly 12,000 retail investors who are expected to lose the £236m they collectively invested into LCF’s funds.

In this week’s edition of the FT Money Show, presenter Claer Barrett and John Gapper, FT commentator, discuss why people are turning to riskier products. Mr Gapper says: “We’ve had a decade of low interest rates and it’s been extraordinarily difficult to get any sort of satisfactory yield on a regulated savings product and this has pushed people into searching for yield in other places.”

Next, Moira O’Neill, head of personal finance at Interactive Investor, talks about getting children involved in investing by finding something they care about: “Climate change is a great opportunity for many parents to talk to their children and I think it’s an important way in to talk about investing,” she says.

Finally, James Max, the FT’s Rich People’s Problems columnist, tells us why he doesn’t rent out his ski apartment: “If I did need every single last penny then I could rent it out, so it’s nice to have that option, but the reason I don’t is twofold. First, it’s slight laziness that I don’t want to clear it up and clear it out, and the second thing is that if you do leave all your stuff there you can just bring hand luggage on the plane and are ready to go!”

The FT Money Show podcast is released at 6am on Thursday, in time for your morning commute. To subscribe and download, go to iTunes, Stitcher or your usual podcast provider and search for “FT Money Show”.



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