He says borrowing will be 11.9 per cent of GDP next year, 9.1 per cent in 2011/12, 7.2 per cent in 2012/13 and 5.5 per cent in 2013/14.
Legal & General Investment Management has announced the appointment of Hugh Cutler as head of distribution.
Downgrades of sovereign debt outnumbered upgrades in the first quarter of 2009 by almost 18 to 1, according to a report from IHS Global Insight which surveyed moves throughout the world by credit rating agencies.
Money Portal has confirmed it is open to an outright sale following a strategic review.
The British economy is expected to shrink by 3.9% in 2009, more than expected only a few months ago. The Confederation of British Industry (CBI) has revised its forecast for gross domestic product (GDP) in Britain, saying the country’s economy will contract by 3.9% in 2009 compared with the 3.3% fall predicted in February.A report […]
With continuing legislative changes dominating an already evolving market, regularly auditing your employee benefits schemes has never been more important.
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Almost a third of women in the asset management industry have experienced sexual harassment in the workplace, according to a new survey, as Fidelity and the Worldwide Healthcare Trust dismiss fund managers due to inappropriate behaviour. A global survey by the Financial Times reveals 32 per cent of women working in asset management have experienced […]
Platforms are chasing assets in order to achieve scale but the winners of the future will need more than that The importance of scale is one of the key topics of conversation in the platform industry. Scale brings some clear benefits to platforms, such as allowing them to charge consumers less, providing the means of […]
The pensions industry has welcomed government reforms to boost auto-enrolment while raising concerns about their limited scope and time it will take to implement them. In its much anticipated review into auto-enrolment the government says it will lower the age at which people are eligible for a workplace pension from 22 to 18. The government […]