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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Sign up Lib Dems up campaign for state pension equality
The Liberal Democrats have stepped up their campaign for state pension equality, asking new pensions secretary Amber Rudd to address the reasons why women face lower pensions than men. The party has again called for progress on helping women born in the 1950s hit with state pension age rises, a cause popularised by the Women […]
PLSA signs up to Treasury’s gender diversity initiative
The Pensions and Lifetime Savings Association has announced it is one of 33 new signatories that has signed up to HM Treasury’s Women in Finance Charter today. This has pushed up the number of firms that have joined the initiative to improve gender diversity within financial services to 300. These range from global banks to […]
Borrowers spend billions in unnecessary interest: Private Finance
Private Finance has concluded that a borrower on an average standard variable rate could save over £4,500 a year by switching to a two-year fixed rate deal. The mortgage broker says, in total, borrowers pay £15.4bn a year in SVR interest, with the typical rate on a 75 per cent LTV loan being 4.39 per […]
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