Government halves pensioner bond payouts

Returns for “pensioner bonds” issued by the Government are set to plummet by almost half. The bonds were issued by the Government in two tranches from January this year, with the first set to mature next month. However, because the products were a special issue, while savers were offered an interest rate of 2.8 per […]


L&G delays Kingswood closure as staff vote on strike

Legal & General has delayed the closure of its flagship office in Kingswood until 2018 while a ballot opens on industrial action. The final vote, opening this Friday, will determine whether Unite members go on strike and follows September’s consultative ballot which saw 68 per cent of members vote in support of action. The ballot […]

Woodford backs £150m tech investment firm IPO

Star fund manager Neil Woodford is backing the £150m flotation of a technology investment company. Venture capital firm Draper Esprit was reported in November to be going public on the London AIM market, aiming to raise £120m to £150m. However, details on the size of Woodford’s investment in the firm were not immediately available. Draper Esprit expects […]

The What of Trusts: Gift Trusts(part 1)

Helen O’Hagan, Technical Manager at Prudential looks at the concept of trusts, starting with Gift trusts and why they can be confusing and complex for many advisers. W – why use a gift trust?H – how to set up a gift trustA – access for the settlor and beneficiariesT – taxation of the trust WHY […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment