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Chef serves up hot potato

Norwich Union had cause to reach for the Rennies after treating journalists to a meal at Antony Worrall Thompson&#39s exclusive West London restaurant Notting Grill.

First, the doyen of TV chefs disclosed to the assembled diners that his pension was with rival provider Scottish Equitable.

Then, ominously, after a couple of beers, he also announced that he was looking to stand as an MP to pursue annuity reform after he saw his grandmother&#39s retirement pot go up in smoke when she died.

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Misys IFA supremo to move to banking arm

Misys&#39s financial services head Ivan Martin is moving to head up the group&#39s banking and securities division as part of a management reshuffle ahead of offloading its IFA networks.Martin moves from his role as Misys financial services division chief executive to the position of chief executive of the banking and securities division. Group managing director […]

&#3915% of trusts set to pay out nothing&#39

One-third of split-cap investment trusts stand to lose everything or offer only minimal returns, AITC director general Daniel Godfrey told the Treasury select committee last week.Testifying before the committee on the same day as Aberdeen chief executive Martin Gilbert and FSA managing director John Tiner, Godfrey estimated that as many as 20 out of 136 […]

Gartmore – Gartmore SICAV European Corporate Bond Fund

Wednesday, July 17, 2002Type: SicavAim: Growth by investing in high-grade European corporatebondsMinimum investment: Lump sum £2,500Place of registration: LuxemburgInvestment split: 100% in high-grade European corporate bondsIsa link: NoCharges: Initial 3%, annual 1%Commission: NoneTel: 0800 212433

IMA launching sector monitor

The Investment Management Association is this week launching a monitoring system aimed at helping investors to make easier and more effective comparisons between funds.Designed by fund information company Lipper, the system will monitor the portfolios of 2,000 funds classified by the IMA and will switch any that consistently fail to meet the terms of their […]

Tapering of annual allowance – adjusted and threshold income

The definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing.  Here we try to make sense of it all. The annual allowance will be reduced for high income individuals from 6 April 2016.  Our previous article Tapering of annual allowance […]

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