Cazenove Capital is launching a new multi-manager fund for Marcus Brookes and Robin McDonald. It will be called diversity income and is planned for the fourth quarter of this year.
Bank of England chief economist and executive director Spencer Dale has warned off any detractors of the Monetary Policy Committee’s current direction and says inflation is very much still its primary concern. Speaking at the Cardiff Business School last night, Dale said talk of the Government trying to “deflate away” some of the public debt […]
LV= and the Investment Management Association have called on the Government to keep simplicity at the heart of changes to retirement income rules. The Government is reviewing alternatives to compulsory annuitisation at age 75 and its consultation closed on September 9. LV= says getting rid of the age-related annuity rule will make pensions a more […]
The Financial Services Compensation Scheme has confirmed its protection limits for savings on deposit will rise to €100,000 (£85,400) on December 31, 2010. The FSCS deposit limit is currently £50,000 for individuals and £100,000 for couples. It is to rise after the European Commission consulted member states over harmonising the limits across the continent. An […]
The Government borrowed £15.9bn in August, the highest August figure since records began. According to the Office of National Statistics, the Government is now running a monthly deficit of £13.3bn, up from £11bn in August 2009. The ONS says the public sector current budget was in deficit by £46.6bn between April and August 2010. This […]
The fastest growers in the Artemis Global Select Fund this year were also the largest companies, Amazon and Nike. Simon is looking to buy more like them in 2016.
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The New Model Business Academy is opening applications for its apprenticeship programme this week. NMBA, part of SimplyBiz Group, was included on the register of apprenticeship training providers in March last year. In December, it received funding from the Education and Skills Funding Agency. SimplyBiz chair Ken Davy says the Government funding was lower than […]
Three advisers share their ideas and experiences of helping employees with their financial decisions The workplace is instrumental in engaging people to save for retirement. How are advisers helping employers provide advice or guidance to their employees? Telephone guidance Financial education provider and advice firm Wealth at Work recently launched a telephone guidance service to […]