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Brown will not restore earnings link

Chancellor Gordon Brown has again resisted calls to link pensions to earning. Speaking at the CBI conference in Birmingham Brown stood firm on pension policy saying the Government will not respond to the long term savings and investments issues raised by Adair Turner until next year.

Brown said : “And today in 2004 I can tell you – as I told my own Political Party Conference – that I will resist demands from wherever they come, such as on linking pensions to earnings where this would put at risk the fiscal position today and in the long term. Such short-termism is not the best way forward.”


Farrow’s view

IFAs have a huge appetite for multi-manager funds and who can blame them but there are now dozens to choose from.

Europe: Domestic backdrop & China impact

By Rob Burnett, Head of European Equities In recent weeks equities have been buffeted by two shocks occurring at the same time: China’s devaluation of the renminbi and the prospect of the US Federal Reserve (Fed) raising interest rates. The market is not comfortable with the Fed raising rates at the same time that China […]


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