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Blair and Hague in pre-budget pension clash

Pension funds shot to the top of the political agenda when Gordon Brown&#39s budget speech was preceded by a heated clash between Tory leader William Hague and Prime Minister Tony Blair over taxation of pension funds.

Hague said pension funds had been plundered of £17.4bn over the last four years and pledged to refund dividend tax credits to 630,000 pension policy holders who had lost them if elected.

Hague said: “The Government has raided pension funds to a greater extent than Robert Maxwell ever did.”

Arguing that the stockmarket had risen, Blair said: “The key point is whether the value of pension funds has actually risen over the time we have been in government.”


Gartmore funds win awards

The Gartmore Capital Strategy Continental Europe Fund came first in the Standard & Poor&#39s Austrian Investment Performance Award 2001 for its five year performance in the European equities sector.In Hong Kong the fund was also awarded Fund Manager of the Year 2000 for five year performance in Europe by S&P and the South China Morning […]

Pension planning pre April 5

TAX PLANNING AND THE DC TAX REGIME Pensions have always formed an essential part of a client&#39s end of tax year planning. Appropriate pension planning will be even more important in the lead up to 6 April 2001 as account will need to be taken of the provisions of the new DC tax regime which […]

Account for your clients

“Bank secrecy is widely recognised as playing a legitimate role in protecting the confidentiality of the financial affairs of individuals and legal entities. It derives from the concept that the relationship between a banker and his customer obliges the bank to treat all the customer&#39s affairs as confidential.” These words have an unlikely provenance. They […]

Pru Group launches IFA division

The Prudential Group has launched its IFA distribution arm, Scottish Amicable Financial Services, combining the intermediary sales team of both ScotAm and the Pru. The division will employ 166 field staff and 70 telephone-based account managers and will be headed by ScotAm group sales director John Cowan. Safs combines the intermediary sales operations of ScotAm […]


Natixis Global Asset Management’s quarterly Portfolio Barometer offers insights into UK financial advisers’ model portfolios and the allocation decisions they are making. Natixis’s Portfolio Research & Consulting Group works with financial advisers and other intermediaries to analyse and enhance their model portfolios and help them develop investor portfolios suited to today’s complex markets. The Portfolio […]


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