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The Government’s 2019 deadline for the pensions industry to develop a dashboard will not be achieved unless closed-book providers are forced to comply, experts are warning. In this week’s Budget the Treasury said it will “ensure the industry designs, funds and launches a pensions dashboard by 2019”. However, there are fears that without intervention, closed-book […]
An NHS trust has closed a deal it offered new nurses to opt out of the generous NHS scheme in favour of a higher salary. The Oxleas Foundation Trust in south east London was offering newly-qualified ‘band 5’ nurses the choice of being paid money that would go into the scheme. It was understood staff […]
Fund managers continued to feel the pain in February as cautious investors withdrew cash from retail funds. Net retail outflows hit £399m in February, the latest Investment Association data shows. In January UK funds suffered net outflows of £437m – the largest figure since the 2008 financial crisis. Targeted absolute return was the top-selling IA […]
Politicians are unlikely to revisit mechanisms to hike state pension payments, despite two former ministers, including the architect of the policy, suggesting the current plans are unsustainable in the long-term. Following his dramatic resignation as Work and Pensions Secretary last week, Iain Duncan Smith highlighted the triple-lock – which links state pension increases to the […]
Investment Insights from Silicon Valley. The latest views from Allianz Global Investors and Walter Price, lead manager at Allianz Technology Trust – August 2016. Click here
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