The FTSE 100 made a promising start on Friday with mining and natural resources leading the charge.
At 10.40, the blue-chip index was up by 1.28 per cent to 4443.82.
Lonmin has made the biggest gains having risen by 5.77 per cent, with Serco Group and Xstrata also starting strongly. The biggest faller was Tullow Oil, which has down by 2.26 per cent.
The Tories insist they are not giving up on defined-benefit pension schemes despite the closure of many final-salary schemes.
Last week, I started to look at investments that may represent valid alternatives to investing through pensions for those disenchanted and affected by the removal of higher-rate tax relief on pension contributions.
Aegon has completed its acquisition of a 50 per cent stake in Brazilian life insurer Mongeral S.A. Seguros
e Previdência.
Newton Investment Management is to change the name of its absolute return fund. Absolute Intrepid will become the Real Return fund on June 30. The group says the new name better reflects the funds objective, of achieving real rates of return from predominantly British holdings. The fund is managed by Iain Stewart using Newtons global […]
Royal London Asset Management Bond Fund Managers Paola Binns and Craig Inches look at why short duration could be a key tactic for fixed income investors during 2017. Read the full article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors […]
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The Organisation for Economic Co-operation and Development claims behavioural biases and low levels of financial knowledge are undermining people’s ability to make appropriate decisions for their retirement. The OECD’s Pensions Outlook 2018 says automatic features, default options and simple information and choice could combat the lack of financial literacy. The OECD’s view is that automatic enrolment […]
Aviva should pay £500 compensation for the way it handled an investment query that caused stress to a daughter who took power of attorney for her mother. In the Financial Ombudsman Service ruling, Miss S has power of attorney for her mother and complains Aviva delayed providing information about a bond. She goes onto argue […]
Advice is becoming a more risky business, meaning firms must rethink their approach to the issues they face Given the Financial Ombudsman Service’s compensation limit is set to rise to £350,000, it is time for advice firms to rethink their approach to the risks they now face. The FCA’s plan is for the new limit […]