An actuarial firm is bringing a High Court action against Scottish Widows, alleging it gave negligent advice to around 100 company pension schemes by recommending a move out of funds with guaranteed annuities to its managed fund.
UBS is to launch a 7.8bn rights issue. The fully underwritten rights issue will be offered to shareholders at a discount of more than 30 per cent.
Conservative Shadow pensions minister Nigel Waterson has rejected introducing Australian-style compulsory pension contributions.
The days of dual-pricing are numbered as key mortgage lenders reconsider their pricing strategies in response to broker outrage, says Positive Solutions.
Emerging market equities have rebounded following several years of underperformance on both an absolute and relative basis, yet most investors remain pessimistic and are significantly underweight the asset class. Read the full article here
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The FCA and the Insolvency Service have signed a new deal to crackdown on misconduct after firms collapse. Directors at firms that are collapsed or under investigation are facing tougher measures under the terms of the ‘memorandum of understanding‘, which will see the FCA and the Insolvency Service sharing more information in an effort to […]
Charles Stanley Direct has become the latest company to shun Neil Woodford’s flagship Equity Income fund from its list of preferred holdings. Charles Stanley’s Foundation Fundlist is a 54-strong set of the firm’s “highest conviction investment ideas” across active, passive and investment trusts covering major sectors. The LF Woodford Equity Income Fund had been on the […]
Ftse100 pension plans have made it back into the black for the first time in more than 10 years, a new analysis shows. Schemes back by the UK’s largest 100 listed business posted a combined £4bn in accounting surpluses as at the end of last year, according to an accounts trawl by consultants Lane Clark […]