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Aviva to shut DB

Aviva is looking to close its staff final-salary pension scheme to new contributions as well as closing the RAC final-salary scheme to new entrants, which face a combined deficit of £3bn.

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Preferential pricing deals at Elevate

Axa Elevate is offering some adviser firms more competitive prices for using the platform, depending on factors such as average case size submitted by firms and the number of registered individuals. In January, Elevate removed the 1.5 per cent initial charge on its bundled pricing option but kept a 0.5 per cent charge on its […]

LibDem surge could boost gilt yields

Ten-year gilt yields could rise as high as 5 per cent if the general election results in a hung Parliament On Tuesday, 10-year gilts were yielding 4.06 per cent. A hung Parliament could lead to a short-term increase in yields if no common fiscal plan can be devised. Henderson head of retail fixed income John […]

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Partnership set for release return

Partnership is set to move back into the equity-release market, claiming it is “a logical” step for the business. The enhanced annuity and long-term care provider will use its annuity book to back lending, like its rival Just Retirement. The firm pulled out of lifetime mortgages in May 2008 and home reversion in February 2009. […]

Harris Associates' view on the UK’s vote to leave the EU

By David Herro, Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer of International Equity at Harris Associates Britain’s vote to exit the European Union has led to significant uncertainty across global markets. We believe market impact of this uncertainty, though severe, is more of a shorter-term phenomenon which will provide an opportunity for long-term […]

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