The UK economy is likely to dip into a recession if the country decides to leave the European Union, Aviva Investors’ chief executive Euan Munro has warned. “We believe there would be a significant and negative knock-on effect on business sentiment, which would likely push the UK economy into recession towards the end of this […]
Tilney Bestinvest is to acquire Towry for £600m, ending months of speculation over the wealth manager’s future. Tilney Bestinvest, owned by private equity firm Permira, is to buy the entire company, including Palamon Capital Partners’ majority stake and shares owned by Towry staff. The combined business will have over £20bn of assets and will continue […]
As Europe’s QE goes further than expected, the manager of the Artemis Strategic Bond Fund has upgraded his outlook from “quite” to “very” positive.
The Pensions Regulator (TPR) has released advice on communications for employers, including three tips to help you with your auto-enrolment duties. 1. Allow enough time to select your pension schemeIt’s recommended that you start to prepare for auto-enrolment at least 12 months in advance of your staging date; additionally, give yourself time to choose the […]
By James Dowey, chief economist & CIO at Neptune WHATEVER HAPPENED TO THE GOOD OLD DAYS OF CHUGGING ALONG AT 3 PER CENT A YEAR? That was the average rate of real economic growth in the advanced world from the end of the Second World War until the late 2000s. Despite all of the recessions and social changes […]
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