Scottish Widows Investment Partnership has appointed Luke Hickmore and Neil Murray as fund managers on its investment-grade portfolios following the departure of a team of four to Alliance Trust.
Scottish Provident paid out 93 per cent of all critical illness claims made between January and June this year, up six per cent on the same period last year.
Zurich Financial Services has appointed Simon Foster to the position of head of Zurich Corporate Pensions.
This has been really rather a remarkable summer, markets-wise. By the middle of last week, the FTSE 100 index was flirting with 5,000 – a level not seen since the dark days of last autumn. The recovery from lows of less than six months ago has been a staggering 40 per cent. In the US, it has been even greater. If this truly has been only a bear market rally, then you still would have been very wrong to ignore it.
The UK is ending what has been its slowest economic recovery on record with a marked acceleration in growth. Neptune’s forecast for UK GDP growth in 2014 is 2.5 per cent, up from 2013 growth of 1.8 per cent as estimated by the Office for National Statistics. When considering the changing UK macro outlook, three important questions remain:
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