On The Money

There's plenty of detail in the latest Budget, but what does it mean for savers and investors? Craig Rickman and Dave Baxter unpick the big developments and how they affect you.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:
This podcast is intended for information purposes only and is not a personal recommendation. Past performance is not a guide to future performance. The value of your investments may go down as well as up, and you may not get...

After 200 episodes of On The Money, one thing has become clear: successful investing is often less about finding the next big winner and more about sticking to a handful of proven principles. Kyle and Dave look back on the lessons they’ve returned to time and again, sharing 11 golden rules for investors.

Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:
This podcast is intended for information pu...

Ahead of Chancellor John Healey delivering his first Autumn Budget on 28 October, Kyle is joined by interactive investor’s personal finance editor Craig Rickman to talk through the changes that may be in store, with capital gains tax rule changes dominating the rumour mill. The duo also discuss proposed changes to the state pension triple lock in 2030. 

Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:
This pod...

With investors focused on Taiwan and Korea, India has really fallen out of favour as a market. This week's episode looks at what could bring it back to life - and what risks investors need to bear in mind.

Important information:
This podcast is intended for information purposes only and is not a personal recommendation. Past performance is not a guide to future performance. The value of your investments may go down as well as up, and you may not get back all the money that you invest. Full performance information can be found on the...

In this episode, the focus is on the funds that are most popular among investors looking to track the ups and downs of a particular market, theme, or investment type. Kyle is joined by Dave Baxter to discuss the key trends among the top 20 most-purchased index funds and exchange-traded funds (ETFs) so far this year among interactive investor customers. The duo also look at a recently launched global ETF from Vanguard and explain why it’s important to examine how an index fund or ETF achieves its exposure, as this can differ between funds even when they track the sa...

With biotech and healthcare stocks making massive gains, a sector specialist looks at what has happened - and what might come next.

Important information:
This podcast is intended for information purposes only and is not a personal recommendation. Past performance is not a guide to future performance. The value of your investments may go down as well as up, and you may not get back all the money that you invest. Full performance information can be found on the company or index summary page on the interactive investor website.

The ii Personal Pension (SIPP...

Our just-published, market-leading Great British Retirement Survey, which draws on the experiences of nearly 8,000 people, reveals the biggest challenges facing UK pension savers and suggests a range of remedies. Joining Kyle to discuss the key findings is Camilla Esmund, head of investor campaigns at interactive investor.

The full report can be found here: The Great British Retirement Survey 2026 - ii

The women’s wealth & investing hub mentioned in the podcast can be found here.

Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

On The Mone...

This week, the focus is on the key tax and pension issues in new Prime Minister Andy Burnham’s in-tray now that the Makerfield MP has had some time to size up the tasks at hand. Joining Kyle to discuss these topics, including the triple lock, is interactive investor’s personal finance editor Craig Rickman.
 
Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:
This podcast is inten...

In this episode, Kyle and Dave give their thoughts on a range of topics submitted by DIY investors, including whether there’s too much crossover when owning both US and global trackers, how to decide whether to cut your losses, what constitutes a reasonably sized position, and whether to invest a lump sum now or wait.

Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:
This podcast is...

A respected academic metric popularised by well-known economist Robert Shiller points to valuations for the US stock market being higher only once, during the dot.com boom and bust. Joining Kyle to explain what history suggests will potentially happen next is Ben Whitmore, manager of the TM Brickwood Global Value and TM Brickwood UK Value funds. Whitmore also provides his views on whether the AI theme has become overheated, explains how he approaches finding businesses on a discount while seeking to avoid value traps, and names some US and UK shares he’s viewing as opportunities. 

Kyle Cal...

Markets are currently obsessed with the artificial intelligence story, meaning plenty of companies are getting left behind if they don't fit the bill. This episode looks at the shares that have fallen out of favour, but could make your portfolio more defensive in a racy market.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:
This podcast is intended for information purposes only and is not a personal recommendation. Past performance is not a guide to future performance. The value...

Terry Smith, arguably the most famous fund manager running money in Britain today, has abandoned his buy and hold “do nothing” strategy and carried out a major overhaul of the Fundsmith Equity portfolio. Joining Kyle to discuss this significant change and explain the reasons for it is Dave Baxter, senior fund content specialist at interactive investor. The duo consider Smith’s buys and sells, whether the style of the fund has changed, and whether portfolios in general are becoming too tech-heavy.

Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

On The Money is an...

In our latest episode, we tackle a topic that a listener asked us to cover: how bonds work and the role they play in a portfolio. Joining Kyle to cover all things bonds is Damien Hill, manager of BNY Mellon Responsible Horizons UK Corporate Bond. Areas discussed include how bonds are heavily influenced by inflation and interest rates, different risk levels, and why bond yields today offer investors greater protection compared to over most of the past 15 years.

Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

On The Money is an interactive...

In this half-time report, Kyle is joined by Dave Baxter to look back on the top-performing funds and sectors in the first six months of the year. The duo also consider key drivers for stock markets for the rest of 2026, as well as suggesting funds that could help make a portfolio less exposed to Big Tech and artificial intelligence.

Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:<...

The SpaceX IPO has highlighted how much potential there is in private companies but how do investors get exposure ahead of the game? This week’s guest, Mat Masters, Chief Executive of Caledonia Investments, talks about the options available to investors, what they need to understand, and the risks and opportunities of investing here.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:
This podcast is intended for information purposes only and is not a personal recommendation. Past performance is no...

In a big shake-up to ISAs, it was recently announced that a new flat-rate charge of 22% will be applied on interest paid on cash within a stocks and shares ISA from the start of the next tax year on 6 April 2027.
The change will be implemented at the same time as other previously flagged changes, including a lower cash ISA allowance of £12,000 for those under the age of 65, and a ban on transferring a stocks and shares ISA to a cash ISA. To unpick all the details, including what the rules say about money market funds, and to run t...

Korea, Taiwan and other "emerging" markets have made huge amounts of money for investors in the last year. We look at what's driving it, and what to consider if you're interested in getting involved.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:
This podcast is intended for information purposes only and is not a personal recommendation. Past performance is not a guide to future performance. The value of your investments may go down as well as up, and you...

Football fever is sweeping the nation again after the men’s World Cup kicked off. There are parallels between the beautiful game and investing, particularly when it comes to team selection. In our latest On The Money podcast episode, host Kyle Caldwell and our head of markets, Richard Hunter, draw comparisons between investment types and positions on the pitch - goalkeepers, defenders, midfielders, and attackers. The duo also discuss the importance of having a ‘squad’ of investments that are ready to be brought on as substitutes when required. 

Kyle Caldwell is Funds and Investment Education Editor at interac...

The yields and discounts on investment trusts can look appealing but there's lots to weigh up. Dave Baxter asks Winterflood's Emma Bird what we should consider first.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:
This podcast is intended for information purposes only and is not a personal recommendation. Past performance is not a guide to future performance. The value of your investments may go down as well as up, and you may not get back all the money...

One of the biggest economic concerns for asset allocators is the prospect of a return to a 1970s-style period of stagflation. To discuss the reasons why a stagflation shock is on the cards, and how investors can attempt to navigate this risk, Kyle is joined by Tom Becket, co-chief investment officer at Canaccord Wealth. The duo discuss prospects for funds, shares, bonds, and alternative assets.

Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co...

In this week’s episode Kyle and Dave weigh up the pros and cons of lump sum and regular investing. The duo also run through key trends among the top 15 most-bought funds, investment trusts and ETFs for both approaches. 

Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:
This podcast is intended for information purposes only and is not a personal recommendation. Past performance is not a g...

Whether it’s artificial intelligence, space exploration or defence spending, investment themes have driven plenty of the big recent gains in markets. But the funds that target such themes can come with plenty of pitfalls.

Our latest podcast episode looks at how to get the most out of investment themes and avoid some of the biggest risks.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:
This podcast is intended for information purposes only and is not a pe...

Our latest episode answers questions sent in by listeners. Kyle is joined by Craig Rickman, interactive investor’s personal finance editor, to cover a wide range of topics including a realistic retirement income from a £250,000 pension pot, and how to approach fund risk scores. Do you have a question you’d like Kyle or Craig to tackle in a future episode? We would love to hear from you, and the way to get in touch with the team is by emailing: [email protected]

Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

On...

Smaller company shares can make for exciting investments but they carry plenty of risk. The latest episode of our On The Money podcast looks at the checks DIY investors can apply when trying to sort the winners from failures. Charles Montanaro, an experienced smaller company investor, looks at some of the methods that work - and some of the lessons he has learned from a long career.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:
This podcast is intended...

Frozen thresholds mean more people are being caught by an effective 60% tax rate. To discuss this topic, including providing practical pointers on how to beat this tax trap and the child benefit tax trap, Kyle is joined by Craig Rickman, personal finance editor at interactive investor.   

Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:
This podcast is intended for information purposes only and is not a pe...

Putting together a portfolio to weather different conditions is no easy task, even in calmer times. For beginner investors it can be particularly puzzling, given there are thousands of funds to choose from.

To help cut through the noise, interactive investor’s Dave Baxter has put together three hypothetical portfolios for different risk levels: cautious, balanced and adventurous. Dave joins Kyle to explain his choices and how he arrived at the mix of assets. The duo also discuss ‘hands-off’ funds for investors on the lookout for low maintenance options.

The three hypothetical portfolios can be found...

Many top funds deliver their best returns in the early years, when the portfolio is small and the investment team is hungry for success. But spotting these names before the crowd is easier said than done if you're a DIY investor.

The latest episode of our On The Money podcast looks at what tools you can use, what you should look for in a fund, and some of the names that have stood out in the past.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii...

The new tax year brings fresh annual allowances for ISAs and SIPPs. While it always makes sense to invest in a tax-efficient manner, the mantra of ‘use it or lose it’ has arguably never been as important. This is because from the start of the next tax year (6 April 2027) major changes come into force, with unspent pension funds subject to inheritance tax, a reduction in the cash ISA annual allowance to £12,000 for those under the age of 65, and savings tax rates increasing.
To discuss the changes and how people can use this tax year to plan ahead, Kyle is jo...

With just days until this tax year ends and a new one begins, the focus for this week’s episode is on the increasing number of ISA millionaires and how you can join them. To discuss how ISA millionaires invest, the steps taken to achieve the milestone, and what to consider when weighing up ISAs and SIPPs, Kyle is joined by Craig Rickman, personal finance editor at interactive investor.

In this episode, Kyle mentions a recent article about the best-performing funds and investment trusts since ISAs were launched on 6 April 1999. You can read it here: Best-performing funds an...

In another ISA-focused episode ahead of tax year end, Kyle is once again joined by Dave Baxter, senior fund content specialist at ii, to discuss how to review a portfolio. As well as examining the benefits of rebalancing, we run through key considerations when you’re deciding whether to keep the faith or sell a fund, investment trust or ETF.

Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important in...

With tax year end only a couple of weeks away, Kyle is joined by ii fund content specialist Dave Baxter to run through the funds, investment trusts and ETFs piquing investors’ interest. Kyle and Dave also look at back at the funds topping the popularity charts five years ago and explain the dangers of falling into the potential trap of performance chasing. 

Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

I...

The focus for this week’s episode is pensions ahead of changes to the state pension age, which is rising from 66 to 67. In a worst-case scenario, those turning 66 around this time next year face a delay of up to a year before they can claim the state pension. To examine the details and discuss how the state pension age will increase in future, Kyle is joined by Craig Rickman, personal finance editor at interactive investor. Other topics include the sustainablity of the state pension triple lock, and whether the state pension will exist in the future or potentially be me...

The focus for this week’s episode is pensions ahead of changes to the state pension age, which is rising from 66 to 67. In a worst-case scenario, those turning 66 around this time next year face a delay of up to a year before they can claim the state pension. To examine the details and discuss how the state pension age will increase in future, Kyle is joined by Craig Rickman, personal finance editor at interactive investor. Other topics include the sustainablity of the state pension triple lock, and whether the state pension will exist in the future or potentially be me...

Before the outbreak of conflict in the Middle East, the performance gap between UK smaller companies and the country’s largest businesses had started to narrow. In an interview recorded in mid-February, Kyle and Richard Staveley, manager of investment trust Rockwood Strategic, discussed why this area of the market is unloved, whether interest rate cuts will act as a catalyst for performance and investor sentiment, and how the trust works with firms to unlock value.

Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

On The Money is an interactive investor (ii) podcast. Fo...

For investors looking to generate income from their investments, there are various ways to approach the task. For many years, interactive investor has complied three hypothetical portfolios to provide inspiration and support investors’ own wider research. In this episode, Kyle is joined by Lee Wild, head of equity strategy at ii, to explain this year’s portfolios for the £10,000 income challenges.

To read the £10,000 portfolio articles, follow the links below:

Kyle Caldwell is Funds an...

From ongoing conflicts to tariffs, global tensions and disputes only seem to be on the rise. And while this presents major humanitarian issues, it’s also something investors are seeking to navigate.

What does a world of heightened tensions mean for portfolios? We look at what it means for different asset classes, regions and investment styles, with the help of our guest, investment veteran Peter Dalgliesh.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:
This podcast is in...

When researching funds, investment trusts, and exchange-traded funds (ETFs), it’s important to look under the bonnet. But what does that entail? To explain how to understand how funds invest and the key things to look out for, Kyle is joined by Dave Baxter. The duo draw on their experiences of researching funds and interviewing fund managers to provide plenty of helpful pointers. 

Kyle Caldwell is Funds and Investment Education Editor at interactive investor.

Important information:
This podcast is intended for information purposes only and is not a personal recommendation. Past performance is not a g...

The US stock market has delivered stellar returns over the past 15 years, which has led to the country becoming a larger part of the global stock market, meaning it now has greater influence over its performance.

But several factors, including high valuations, a concentrated market, and geopolitics, could spell the end of US exceptionalism.

To examine the outlook for US exceptionalism, and consider whether investors should be casting their nets wider, Kyle is joined by Richard Saldanha, who manages the Aviva Investors Global Equity Income fund.

Saldanha also discusses the opportunities he’s se...

What are the main items to put on your to-do list in the latter stages of saving and investing for retirement? To tackle this topic Kyle is joined by Craig Rickman, personal finance editor at interactive investor. Craig shares seven key considerations to bring your retirement plans into sharper focus.

In the episode, Kyle and Craig discuss the following:

The artificial intelligence boom has produced great returns for investors but they increasingly worry that we have entered a bubble – with a painful ‘bust’ around the corner.

Franklin Templeton investment strategist Michael Browne joins ii’s Dave Baxter to tackle the subject, looking at whether we might be in a bubble but also how to spot one and what to actually do to protect your money.

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Important information:
This mat...