Former Conservative MP John Lee is one of the most enthusiastic investors I ve ever had the privilege of meeting.
Now a Liberal Democrat life peer with the rather grand title of Baron Lee of Trafford, the 78-year-old remains as passionate about investing as he has ever done – and he has considerable investment clout.
In recent weeks, he has been vociferous in his criticism of the lack of information given to shareholders by companies which receive takeover approaches from rivals.
His concern, that some shareholders can lose out as a result, has prompted the Takeover Panel to promise to review its oversight of bids to see whether information should be made public.
Coles said those aged between 18 and 39 who are saving to buy a property should invest in a Lifetime Isa. The Government offers a 25 percent top-up on contributions of up to £4,000, giving a maximum £1,000 bonus each year.
She said parents and grandparents should not forget Junior Isas: You can save or invest £9,000 for a qualifying child this year, with all interest, dividends or capital gains tax free.
Most people can invest up to £40,000 in a pension this financial year and get tax relief on their contribution.
Even non-taxpayers get 25 percent relief on a maximum £3,600. Coles said: You can contribute tax-efficiently to a pension on behalf of a non-working spouse or child.
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