On The Money
Business & Finance
About
Every week, Kyle Caldwell and guests take a look at how the biggest stories and emerging trends could affect your investments, with practical tips and ideas to help you navigate your way through. Join the conversation, tell us what you want us to talk about or send us a question to OTM@ii.co.uk. Visit www.ii.co.uk for more investment insight and ideas.
Episodes
- My 10-point checklist for picking smaller company shares
This episode of the On The Money podcast provides a 10-point checklist for DIY investors looking to pick smaller company shares. Charles Montanaro, an experienced investor, shares methods and lessons learned from his career.
- Tax traps to be aware of and how to beat them
This episode of the On The Money podcast discusses tax traps and how to avoid them. Kyle and Craig Rickman, personal finance editor at interactive investor, cover topics such as frozen thresholds leading to a 60% tax rate and the child ben…
- Three ways to build an ISA portfolio from scratch
This episode of On The Money features interactive investor's Dave Baxter, who details three hypothetical ISA portfolios tailored for cautious, balanced, and adventurous risk preferences. He also discusses low-maintenance fund options for i…
- The outperforming funds flying under the radar
This episode of the On The Money podcast discusses how to identify outperforming funds, what tools to use, and what to look for in a fund. It also mentions some funds that have stood out previously.
- How to get your finances in shape ahead of big rule changes
This episode of On The Money discusses how to prepare finances for upcoming tax rule changes affecting ISAs and SIPPs. Kyle and Craig Rickman explain current allowances and future adjustments to help listeners plan ahead.
- Top tactics on how ISA millionaires invest
This episode of On The Money discusses how ISA millionaires invest, the steps taken to achieve this, and what to consider when choosing between ISAs and SIPPs. The episode features insights from Craig Rickman, personal finance editor at in…
- When to sell a fund, investment trust or ETF
This episode of On The Money discusses when to sell a fund, investment trust, or ETF. It covers reviewing a portfolio and the benefits of rebalancing.
- The most-popular ISA funds today vs five years ago
This episode of On The Money features Kyle and Dave Baxter discussing the most popular ISA funds, investment trusts, and ETFs, comparing current trends with those from five years ago. They also highlight the risks of performance chasing in…
- State pension changes: are you prepared?
This episode of On The Money discusses the impending changes to the state pension age, increasing from 66 to 67. Kyle and Craig Rickman explore the details, including the sustainability of the triple lock and the future of the state pensio…
- Is the tide starting to turn for UK smaller companies?
This episode of On The Money discusses the performance of UK smaller companies. Kyle Caldwell and Richard Staveley explore why this market area is unloved, the potential impact of interest rate cuts, and investor sentiment.
- Shares, funds and investment trusts: how to generate £10,000 of income
This episode of On The Money discusses strategies for investors to generate £10,000 of income from investments. It covers hypothetical portfolios focusing on shares, funds, and investment trusts.
- How to invest in times of turmoil
This episode of On The Money discusses the impact of global tensions on investment portfolios. It explores what this means for various asset classes, regions, and investment styles.
- How to perform a deep dive on funds, investment trusts and ETFs
Kyle Caldwell and Dave Baxter discuss how to research funds, investment trusts, and exchange-traded funds (ETFs) and the key things to look for. They share their experiences to provide helpful pointers for understanding how funds invest.
- US exceptionalism: is era of strong returns over?
This episode explores whether the era of strong returns for the US stock market is ending due to factors like high valuations and geopolitics. It also considers opportunities for investors to diversify beyond the US market and discusses in…
- Seven pension tips to get you retirement ready
This episode of On The Money features Kyle and Craig Rickman discussing seven pension tips for retirement readiness. They cover topics such as pension consolidation, ISAs, state pensions, and various investment strategies.
- How to spot (and survive) a market bubble
Michael Browne, an investment strategist at Franklin Templeton, joins Dave Baxter to discuss the risks of market bubbles, how to identify them, and strategies for protecting investments. This episode explores the current artificial intelli…
- How we invest and lessons learnt
Kyle and Dave discuss their personal investment journeys, the lessons they have learned, and strategies for building a diversified portfolio. This episode of the On The Money podcast focuses on managing investment risks and regular investi…
- Key changes impacting your money in 2026 and beyond
In this episode of On The Money, Kyle Caldwell and Craig Rickman discuss upcoming personal finance and tax changes taking effect in 2026 and 2027, including pension, dividend, and inheritance tax updates.
- Reasons to be bearish and bullish in 2026
Kyle Caldwell and Richard Hunter discuss factors influencing stock markets for 2026. The episode covers potential bullish and bearish outlooks and identifies three areas of interest within the UK stock market.
- The big trends shaking up investment trusts
Kyle Caldwell and Dave Baxter discuss current trends in the investment trust sector, including the influence of US activist investor Saba Capital, the rise of trust mergers, and the implementation of performance-linked exit strategies.
- Where next for one of 2025’s best-performing investments?
Kyle Caldwell discusses the 2025 commodities bull market, focusing on gold and silver, with Olivia Markham of BlackRock World Mining Trust. This episode of On The Money explores the factors driving these trends and the future prospects for…
- Autumn Budget 2025: the key takeaways for savers and investors
Kyle Caldwell and Craig Rickman discuss the personal finance implications of the Autumn Budget 2025, including changes to ISAs, pensions, income tax thresholds, and dividend and savings tax rates. This episode of On The Money provides an o…
- Fundsmith Equity and key trends among most-popular funds
This episode of On The Money discusses findings from the ii Top 50 Fund Index for Q3 2025. Kyle Caldwell and Dave Baxter review trends including Fundsmith Equity's exit from the index, market preferences for China and India, managing US co…
- Long-term themes good for health and growing wealth
Jamie Douglas, manager of the Polar Capital Global Healthcare Trust, joins host Kyle Caldwell to discuss long-term trends in the healthcare sector, including ageing populations, innovation, and political risk. This episode is part of the O…
- US tariffs or AI: which is the biggest risk for S&P 500?
Kyle Caldwell and Julian Bishop of Brunner Investment Trust discuss whether US tariffs or artificial intelligence pose a greater risk to the S&P 500 index. They also examine current stock market performance and the concentration of tech-he…
- Budget 2025: how pensions and ISAs could change
Kyle Caldwell is joined by personal finance editor Craig Rickman to discuss potential changes to pensions and ISAs in the upcoming Budget 2025. They also examine the fiscal outlook and potential reforms to inheritance and capital gains tax.
- Three rules for picking sensible stocks
In this episode of On The Money, fund manager Mark Niznik discusses his three rules for selecting stocks, with a focus on UK smaller companies. He explains his approach to identifying niche leaders and shares his perspective on current mar…
- How to decide whether to take profits or run a winner
In this episode of On The Money, Kyle Caldwell and Richard Hunter of interactive investor discuss the decision-making process for taking profits versus holding onto winning investments. The conversation covers topics including FOMO, top sl…
- Is 4.7% the new magic number for sustainable pension withdrawals?
In this 150th episode of On The Money, host Kyle Caldwell and guest Craig Rickman discuss the 4.7% rule for sustainable pension withdrawals. They examine the history of the 4% rule, address common criticisms, and discuss investment tactics…
- Why these three sectors stand out from the crowd
In this episode, Michael Field from Morningstar discusses three sectors presenting potential investment opportunities. The conversation also explores the risks associated with value traps.
- How to spot shares with ‘multi-bagger’ potential
In this episode of On The Money, fund manager Jean Roche discusses her approach to identifying potential multi-bagger stocks. She shares insights on finding high-performing companies and reflects on her past investment experiences.
- Four pension pitfalls and how to tackle them
Kyle and Craig Rickman discuss findings from the Great British Retirement Survey, focusing on common pension challenges including low confidence, lack of knowledge, coverage gaps, and low pension values. They explore potential ways for ind…
- Stock markets at record highs – is this a concern?
Kyle Caldwell and Craig Rickman answer listener questions about investments and pensions on this episode of On The Money. They discuss concerns regarding record stock market highs and share insights on related risks.
- 10 tactics when researching funds, investment trusts and ETFs
Kyle and Sam Benstead from interactive investor discuss 10 strategies for researching funds, investment trusts, and ETFs. They cover topics such as evaluating charges, avoiding performance chasing, and managing portfolio diversification.
- How to find defensive shares that can weather stock market storms
In this episode of On The Money, Kyle Caldwell speaks with fund manager James Thomson about identifying defensive, recession-resistant businesses that can perform well during market volatility. Thomson discusses the characteristics of weat…
- Why investors overexposed to the US should think twice
James Harries of STS Global Income & Growth Trust discusses the risks of overexposure to the US stock market and his strategy of reducing US holdings. He also details adjustments made to his portfolio during the April stock market sell-off.
- A dividend trend that investors tend to overlook
This episode of On The Money explores the trend of Asia-Pacific companies becoming more dividend-friendly over the last decade. Isaac Thong, manager of the Aberdeen Asian Income Fund, joins host Kyle Caldwell to discuss this perspective on…
- Why these are investors’ favourite funds
Kyle Caldwell and Sam Benstead discuss trends from the interactive investor ii Top 50 Fund Index for the second quarter of 2025. They examine the most popular funds, investment trusts, and ETFs, covering topics like market trends, cooling…
- Key takeaways from reforms to get Britain investing
Kyle Caldwell and Craig Rickman from interactive investor discuss Rachel Reeves’ Mansion House speech, focusing on government plans for investment, potential ISA changes, and the lack of new pension reforms.
- How this pro weighs up risks and rewards
Doug Ledingham, manager of Pacific Assets Trust, joins Kyle Caldwell on On The Money to discuss the outlook for the Asia-Pacific region. They cover the trust's approach to balancing risks and opportunities, as well as views on markets in C…
- Key trends and top-performing funds so far in 2025
In this episode, Kyle Caldwell and Sam Benstead from interactive investor review investment trends from the first half of 2025. They discuss the impact of US tariffs on stock markets and analyze top-performing funds and sectors year-to-dat…
- The income risk investors need to be aware of
Kyle Caldwell discusses the concentration risk of UK dividends with Eric Moore, manager of the Slater Income fund. They examine how the top 15 dividend stocks account for a majority of payments and explore Moore's total return approach to…
- How to build and simplify an investment portfolio
Kyle Caldwell from interactive investor talks with Sam Benstead about strategies for building and simplifying investment portfolios. The discussion covers the core/satellite approach, the 60/40 portfolio, and potential options for beginner…
- Should fund managers reveal their ‘skin in the game’?
Kyle Caldwell and Sam Benstead discuss whether fund managers should disclose their personal investments in the funds or trusts they manage. The episode examines a report and poll results regarding 'skin in the game' for investment managers.
- How diversified is the global stock market?
In this episode of On The Money, Kyle Caldwell and guest Dean Cook discuss whether global equity markets are sufficiently diversified or overly reliant on US stocks and the technology sector.
- How to approach periods of stock market weakness
On this episode of On The Money, Kyle Caldwell discusses the recent UK stock market sell-off and the outlook ahead with value investor Alex Savvides.
- Where next for tech shares following the tariff turmoil?
In this episode of On The Money, Mike Seidenberg joins Kyle Caldwell to discuss the impact of tariff uncertainty on tech shares in 2025. They explore his investment approach, recent portfolio adjustments, and his outlook on tech trends lik…
- The key trends a decade on from pension freedoms
In this episode of On The Money, Kyle and Craig Rickman discuss the impact of pension freedoms ten years on, focusing on income drawdown, withdrawal rates, the 4% rule, and natural yield strategies.
- Gold’s in a bull market - will it last?
In this episode of On The Money, host Kyle Caldwell speaks with fund manager Georges Lequime about the performance of gold. They discuss the potential pros and cons of owning the metal, examine current market trends, and address whether it…
- Investment lessons learnt during stock market volatility
In this episode of On The Money, Kyle and Craig Rickman discuss investment lessons from recent stock market volatility linked to US tariff policies. The discussion includes an analysis of fund performance and the importance of diversificat…