John Hutton has been confirmed as the new Secretary of State for Work and Pensions, taking over from David Blunkett who resigned this morning.
Hutton joined the Cabinet in May as Cabinet Office minister and was previously junior Health minister.
He is seen as a Blairite who will look to push forward the Prime Ministers third term reforms in incapacity benefit and pensions.
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RICS says Sipp rush has been exaggerated
Property Sipps are likely to boost regional hotspots but will have little impact on most of the market, claims a report from the Royal Institution of Chartered Surveyors. It forecasts a steady flow rather than a rush of property into Sipps. Up to 160,000 extra residential property purchases may be made over three years after […]
HSBC Bank International – Hong Kong Growth Fund– CSGF 21
HSBC Bank International
Hong Kong Growth Fund– CSGF 21
Skandia Investment Management – Ethical Fund
Skandia Investment Management
Ethical Fund
Hot Topix from Jupiter
Jupiter Asset Management has established the Jupiter Japan Income fund, a unit trust that will aim for income and growth by investing in Japanese equities.
Artemis Investments – Global markets: opportunities for stock-pickers
With volatility set to continue, Peter Saacke, manager of the Artemis Global Growth Fund, thinks stock-specific opportunities are on the rise.
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Pension bosses barred for 34 years for abusing members’ savings
Four heads of companies that formed part of a group involved in the transfer of millions of pounds of pensions have been banned for a total of 34 years by the Insolvency Service. The investigation, led by the Insolvency Service, centred on the conduct of the directors connected with Transeuro Worldwide Holdings, which helped […]
New Mobius trust raises £100m but misses target
Mobius Capital Partners’ new investment trust raised £100m in its initial public offering, which was half of its £200m goal. The firm announced earlier this month it wanted to raise £200m through the float of the Mobius Investment Trust. Trading is set to kick off on 1 October when the company will issue 100,000,000 ordinary shares […]
Aegon platform tech boss resigns
Aegon chief digital officer Richard Denning, who is also in charge of platform development at the provider, has resigned. An Aegon spokesman says Denning is leaving to “have a break from corporate life”. According to his LinkedIn profile, Denning’s roles at Aegon include chief digital and transformation officer, chief operating officer for digital solutions and […]