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Court extends pension rights for part-timers

The European Court of Justice has opened up the possibility of part-time workers applying for backdated pension payments.

The court ruled last week that part-time workers can claim entitlements to pension benefits back to April 8, 1976. British law says companies have to backdate part-timers&#39 entitlements by only two years.

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Fry steps down as chief executive

Johnson Fry founder Charles Fry is standing down as chief executive on December 31. Fry will continue to serve on the board and will work part-time at the company in sales and marketing. Rebecca Thomas, who was appointed managing director in September, will take over operational responsibility.

EFM turns trusts into Oeics

Edinburgh Fund Managers is set to convert its £600m in unit trusts into an Oeic. Group sales and marketing director Nigel Whittingham says the company is committed to transferring all its 21 unit trusts into open-ended investments. Edinburgh&#39s unit trust business represents 12 per cent of its £7.4bn total assets under management It also has […]

Autif survey reveals wide ignorance on endowments

Almost two out of five people do not understand that there is a link between stockmarket performance and the return on endowments, according to a poll by Autif. The poll reveals what Autif calls a dangerous lack of know ledge about endowments even among mortgageholders, with just 39 per cent aware of the link with […]

ISAs will cap vital savings funds

I am surprised that you see fit to give space to the discussion on exactly how many Pepholders will be hit by the £50,000 cap on ISAs. The real debate should be how many people will be excluded from accumulating savings that they arguably need. A £50,000 cap at current interest rates might imply an […]

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