M&G fund manager Steven Andrew has slashed exposure to US and UK government debt in his £322m Episode Income fund to ward off concerns about potential risks emerging in the western economies. A year ago over 25 per cent of the fund was invested in US and UK government debt because it was yielding 4 […]
Labour will reintroduce a tax dropped by Government to fund its plans to abolish the bedroom tax.
Just one in four advisers are willing to work on transfers out of defined benefit pension schemes, boosting calls for new regulatory guidance. A survey of 248 advisers conducted by NMG Consulting found just 27 per cent would undertake DB transfers, while around half said they they would not. A quarter of respondents were undecided. […]
Ed Miliband has resigned as Labour leader, effective following today’s VE day commemorations, after the party was hammered in the general election. Miliband’s party lost out heavily last night, retaining just a single seat in Scotland, while shadow chancellor Ed Balls lost his seat in Morley and Outwood. In a speech today, Miliband said Labour deputy […]
Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]
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