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Cazenove plans multi-manager fund

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.

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Dale warns off MPC detractors

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 […]

Government urged to keep annuity income simple

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 […]

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FSCS confirms deposit limit to rise to €100,000

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 […]

Government borrows record £15.9bn in August

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 […]

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