The Pensions Reform Group, led by former welfare minister Frank Field, has launched proposals to abolish pensioner poverty by creating a new basic state pension. The report proposes a new funded pension, the Universal Protected Pension, to be built up over 40 years and merged with the existing pay-as-you-go National Insurance based state pension. This would provide a pension set at just over 28 per cent of average earnings.
Monday, 15 October 2001.Type: Oeic.Aim: Income and growth by investing in high yield and investment grade corporate bonds.Minimum investment: Lump sum £2,000.Investment split: Investment grade corporate bonds 60 per cent, high yield corporate bonds 40 per cent.Yield: 7.5 per cent.Isa link: Yes.Pep transfers: Yes.Charges: Initial 3.75 per cent, annual 1.25 per cent.Special offer: Initial charge […]
Portfolio consolidator Transact has passed the £100m sales mark just 11 months after its launch into the UK market.The trading platform, which earlier this year formed a strategic alliance with the AITC, now boasts more than 300 firms of advisers on board, with a further 150 registered to begin using the service in the near […]
Staff sickness absence is costing companies up to 16 per cent of their annual salary bill but half the costs could be avoided, according to research by income protection provider Unum.The report is the culmination of a year-long survey by the Institute of Employment Studies of a crosssection of UK businesses on behalf of Unum.It […]
Jupiter has made two new recruits to its broker support team, as part of the restructure and expansion of its IFA support services.Louise Fish joins from F&C investment management, and will be responsible for broker support in the south west of England.Pritie Sharma joins from Chase de Vere Investments, and will be responsible for broker […]
Johnson Fleming’s current charity of the year is CLIC Sargent: the UK’s leading cancer charity for children and young people, and their families.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]