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DWP outlines new MFR reforms

The Department for Work and Pensions has announced the next step in the reform of the minimum funding requirements.

Changes include extending the time limit schemes have to make up deficits and introducing stricter conditions when a scheme is wound-up voluntarily.

Annual recertification for schemes that pass the MFR test is to be scrapped and the MFR’s market value adjuster will be lowered to recognise current market conditions and dividend payouts.

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Liverpool Victoria – Max

Friday, March 1, 2002Type: Unitised with-profits endowmentAim: Growth by investing in the Liverpool Victoria with-profits fundMinimum sum assured/premium: £4,500/£50 a month, £600 ayearMinimum-maximum term: 10 yearsFund links: With-profitsCharges: Initial charge version – initial subject to negotiation, annualimplicit. Level charge version – annual 0.32%Options: Waiver of premiumCommission: Initial 130% of Lautro, renewal 2.5%Tel: 0845 6020690

Government defeated on annuity bill for second time

The Government has been defeated at the Committee Stage of Conservative MP David Curry&#39s private member annuity reform bill with the Labour chairman of the committee voting against the Government.The Pensions Annuity (Amendment) Bill calls for the annuity regime to be reformed, scrapping the obligation on the consumer to purchase an annuity with their entire […]

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Neptune video: UK economy: a sustainable recovery?

After years of a slowly brewing economic recovery, the UK has seen a strong rise in growth in recent months. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses the strength of this recovery and whether it is sustainable.

In the video, Martin addresses the following:

• Structural features supporting the UK economy
• UK mid-caps and the potential for M&A activity
• Valuations and opportunities in house builders

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