View more on these topics

BA shuts final salary schemes

British Airways has announced that it is shutting its two defined benefit pension schemes to new members blaming FRS17, poor stock market returns and increases in life expectancy.

BA found that under the new calculation the shortfall was £394m in the two schemes which have combined assets of around £10bn.

It has yet to release details of its planned contribution to the new arrangements.


SLHC makes appointments to regional teams

Standard Life Healthcare has announced a number of appointments to its regional development team responsible for business relations with IFAs.Ian Cuthbertson and Phil Knight join as regional development managers for Birmingham and Leeds while Martin Chubb, Paul Young and Simon Young join as account managers.Chubb will operate in Reading and Southampton, Paul Young in Nottingham, […]

Cazalet in bonus warning over Equitable &#39conjuring&#39

Influential life analyst Ned Cazalet has slammed Equitable Life&#39s “Tommy Cooper” annual accounts, claiming there is little prospect of policyholders getting bonuses in the future.Equitable&#39s annual report for 2001 says the society has changed actuarial assumptions to notionally inflate the bonus account by £850m. But commentators say this is not new money and without this […]

Product matters

You would imagine that the current state of the NHS would have people rushing to buy private medical insurance in their droves but with medical inflation increasing by around 10-15 per cent a year, is it any wonder that the individual PMI market is reducing by an estimated 4 per cent a year?There is a […]

Budget supplement

Further matters of interest in the Budget are:- Domicile And Residence (i) A report is to be released before the pre-Budget report 2002, generally published in November, on the complex rules of residence and domicile. It is not yet clear whether this announcement signals that there will be a formal consultation document, a discussion paper […]

Neptune Global Income: Is Japan the best dividend market in the world?

By George Boyd-Bowman, Fund Manager at Neptune The Neptune Global Income Fund seeks exposure to the very best – and often overlooked – income opportunities from across the world. Unconstrained by benchmarks, the fund currently has 24 per cent invested in Japan, differentiating the high conviction portfolio from many of its peers. Watch Neptune Fund […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment