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Government sets up fund for victims of occcupational scheme collapses

The Government is establishing a £400m fund to compensate people who have lost pension rights through collapsed occupational schemes.

The fund will give phased payments over the next 20 years, with payments reviewed every three years.

Amicus general secretary Derek Simpson says: “The threat of having little or nothing to live on after 30 or 40 years has been lifted by the establishment of this fund.”


Simon Chamberlain

On the eve of depolarisation, many IFA networks are looking pensively towards a hitherto quiet player rising quickly from the other side of the fence. With the announcement this week that Thinc has secured “massive institutional backing” for aggressive expansion plans, the warning has gone out from the multi-distribution platform that prime adviser firms will […]


“I do not think structured products will be a widespread problem. I think these products have been sold intensively in small areas but will not be a big concern for the industry.”Graham Laverick, WR Financial Management “If you look at their history, structured products to date have not made their target projections. So, yes, I […]

SVM fund shows recovery in house building and property sectors

SVM&#39s UK Opportunites fund has showed recovery in various sectors in April including house building, property and telecoms and pub management. The £8.4m fund aims to achieve long term capital growth from a UK equity portfolio within the UK mid and small cap sector.

Smee &#39coy&#39 in face of MPs&#39 wrath over dumped liabilities

Aifa director general Paul Smee was hauled over the coals by the Treasury select committee this week for failing to condemn IFA firms that dump liabilities in shell companies. Labour MP Nigel Beard demanded to know what Aifa stands for if it fails to protect the name of the industry from scandals such as Berkeley […]


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