It seems to me that most people in the financial services industry and the Government fail to see how illogical final-salary pension schemes are in a capitalist society, as the liability is open-ended and, as such, cannot be justified in a prudent economy. Nic Cicutti in his column says that final-salary scheme employees contribute a […]
Financial Express has set up its own fund rating service, Crown Ratings. It uses a blend of quantitative and qualitative analytical screens, including measuring a portfolio’s volatility, consistency and returns against its benchmark.
FundsNetwork has expanded its range of Isa-eligible property funds following changes in the rules to allow non-Ucits retail schemes to qualify. Investors now have access to the Norwich property, Schroders global property securities, New Star property and Standard Life select property funds. The Aberdeen property share, Fidelity global property, Skandia global property securities and Skandia […]
73 per cent of investment trust fund managers say company growth prospects will be affected if companies are forced to pay off their pension deficits over the next ten years. They also have concerns about a lack of consumer spending and rising interest rates according to the AITC’s recent survey of 31 managers from 42 […]
Work and pensions select committee member and Labour MP Ruth George has called for the parliamentary pension scheme to divest from fossil fuels. The MP for High Peak put her name to the Divest Parliament pledge which is a cross-party campaign to clean up the investments in politicians’ pension schemes. MPs are automatically enrolled in […]
It was announced in last year’s Autumn Budget that, from April 2019, tax will be charged on gains made by non-UK residents on the disposal of all types of UK immovable property. At the time of the announcement, HM Revenue & Customs also produced a technical note setting out the scope of the new charge […]
O&M Pension Solutions has changed its systems ahead of an October deadline to help advisers meet new regulations around transfer value analysis reports. From 1 October, the FCA’s new rules mean transfer value analysis reports will be replaced by a combination of a “transfer value comparator” and an “appropriate pension transfer analysis” The transfer value comparator is […]