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Woodford slams UK’s £1trn pension deficit

UK pension schemes should be increasing their allocation to equity income stocks rather than poorly performing bonds, according to Woodford Investment Management. Longer life expectancy and investment returns that are lower than anticipated contribute to the estimated £1trn liability shortfall in the country’s defined benefit schemes, head of investment communications Mitchell Fraser-Jones says in the […]

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FCA sets out how it will investigate mortgage panels

The FCA has set out the scope of its investigation into how mortgage panel arrangements hurt competition and consumer choice. The regulator outlined its plans in May to examine competition in the market, including how consumers assess products, the impact of regulation and commercial relationships across the mortgage market. Speaking at an FSE event in […]

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