View more on these topics

AITC says pension deficits could affect growth prospects

73 per cent of investment trust fund managers say company growth prospects will be affected if companies are forced to pay off their pension deficits over the next ten years.

They also have concerns about a lack of consumer spending and rising interest rates according to the AITC’s recent survey of 31 managers from 42 member investment trusts.

F&C investment trust manager Jeremy Tigue says: “If companies are forced to eliminate pension deficits so quickly there will be a negative impact on profits but also a likely negative imact on equity markets as fund sell equities and buy bonds.”

Recommended

Goodall joins 1st board

Adviser software provider 1st has announced sales and marketing director Richard Goodall has joined its board.Goodall joined the firm in June and was previously a manager at Zurich Financial Services and national sales manager at Axa Sun Life as well as spending 10 years at national IFA Sedgwick Independent Financial Consultants.1st managing director Mik Cons […]

Standard hits the snail on the head

Nice to see Standard Life’s corporate responsibility manager Andrew Marshall-Roberts getting down and dirty for a good cause. The provider has set up a Treemail scheme which aims to replant a forest in the Scottish Highlands with a 100,000 donation to the Trees for Life charity. Standard has pledged to buy a seedling for each […]

Baxter to lead MLP push

Advocate of fee-based advice joins German giant to build UK wealth management business

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com