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Brain storm

Many offices have swear boxes but it has come to light that some have replaced this with an innuendo box.

The one set up by those wise-cracking boys and girls in the Charcol press office (chief culprit, apparently, being Out of Context queen Laura Brain) is proving to be quite a money-spinner.

A sensible conversation about peaks and troughs in the market degenerated swiftly after Ms Brain revealed that she performs better when it peaks – a comment which cost her the princely sum of 20p.


Chancellor to keep it simple on pensions

It would be nice to predict an unsurprising year for pensions, when everything happens the way it was planned, but recent history suggests otherwise.I expect more defined-benefit schemes to stop future accrual for everyone, as the true impact of Work and Pensions Secretary Andrew Smith&#39s announcement on June 11, 2003 hits employers.The actuarial profession will […]

Base rate sticks at 3.75 per cent

The Monetary Policy Committee voted today to keep base rate at 3.75 per cent for another month, a decision that was widely expected by the industry. Charcol senior technical manager Ray Boulger says: “It would have been a major surprise had base rate changed today. Key rate change stimuli has eased recently, in particular general […]

Aberdeen sells NVM in management buyout

Northern Venture Managers has been sold to its senior staff for around £3m by Aberdeen Asset Management, which acquired it as part of a deal for Edinburgh Fund Managers last October. The buyout was led by managing director Alistair Conn and investment director Tim Levett, who say they are relieved to have put the company […]

Aifa cautions Jifa on impossible aims

Aifa is telling fledgling IFA organisation Justice for IFAs that it may be trying to achieve the unachievable in its bid for a new definition of misselling through the European Court.Director general Paul Smee rejects comments from Justice for IFA head and Sway chief executive Jon Maguire that Aifa and the LIA have presided over […]

Phone - thumbnail

Pension Wise — now taking calls…

Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.


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