One Friday night a few weeks ago, I was relaxing on the sofa when my work phone rang. The number was withheld and given the time I was tempted to leave it. But I picked up the call and I am so glad I did. Because it was a client. Her 40-year-old husband had died […]
Despite the pension reforms the UK market remains well suited to annuitisation, influential think-tank the Pensions Policy Institute says. In a report, sponsored by the Investment Association and The People’s Pension, the PPI compares the UK system with Australia, Ireland, New Zealand and the US. It says that despite the new freedoms – which allow […]
The Financial Ombudsman Service has upheld a complaint against HSBC for unfairly rejecting a mortgage application on the grounds of age in the first case of its kind. The Sunday Times reports a couple in their forties, who do not wish to be named, were turned down when applying for a joint £250,000 interest-only loan […]
Pension tax relief is set to take another hammering from reform-hungry politicians, with both the Conservatives and Labour setting out complex plans to cut allowances for people earning more than £150,000. Labour has previously come under attack from the pensions industry over its plans to taper away tax breaks for high earners. The proposals, which […]
By Kunal Desai, Neptune India Fund
As global investors continue to scour emerging markets through the lens of reform potential, India shines bright. Indeed, we think it can sparkle even brighter. We anticipate India’s self-imposed 10-year ‘policy holiday’ to turn into one of the most pro-growth and pro-investment policy calendars seen in Asia in years. The Indian electorate has engineered a historic verdict. We now have the strongest Indian government since 1984, with the pro-market Bharatiya Janata Party (BJP) achieving an absolute majority for the first time in the party’s history.
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