Ep 420 - Should you follow fund managers, new student loan changes & the base rate dilemma

Damien Fahy of moneytothemasses.com talks to Andy Leeks about money. On this week's episode Damien discusses whether it is worth following a fund manager when they leave one investment fund house for another. Damien also explains the new changes in student loan repayment rules that could mean that students will be repaying their loans for almost their entire working lives, acting as an additional 9% tax on income. Finally, Damien and Andy discuss why the Bank of England raised the base rate so aggressively and what it means for where the base rate will be in the future.   Check out this week's podcast article on the MTTM website to see the full list of resources from this week's show. Morningstar fund manager research data Student loan repayments set to change: What you need to know Student debt: What you need to know about repaying your student loans Mortgage lenders agree to switching flexibility & 12-month repossession grace period Bank of England base rate increases by 0.50% to 5.00% - What does it mean for you?   Thank you to our sponsor Netwealth Netwealth’s wealth management service combines a comprehensive low-cost investment solution with access to qualified advisers. They recently launched MyNetwealth – a digital dashboard that combines all your savings and investments – from multiple providers – in one place. MyNetwealth's wealth planner tool helps you visualise your current wealth and apply it to your future needs. It takes into account various factors such as age, investments, pensions, tax wrappers, and expected contributions or withdrawals – and calculates the likelihood of you achieving your goals. Daily updates make it easy to track the value and performance of your wealth. MyNetwealth also provides a library of useful personal finance content and if you ever need advice or guidance, their highly qualified team is always there to help. You can find out more information and sign up for MyNetwealth in 30 seconds visit my.netwealth.com. Please remember, the value of investments can go down as well as up, so you may get back less than you invest.