JP Morgan Asset Management plans to set up an investment trust investing solely in Brazil. The fund will be managed by Sebastian Luparia and has a target size of £50m.
Barings Asset Management has appointed Roberto Lampl as head of Latin American equity.
F&C’s multi-manager team has trimmed its passive exposure to the US through S&P 500 exchange-traded funds in favour of the actively managed Robeco US premium equities offering. A 3 per cent weighting in the Robeco fund has been added to the overseas equity allocation across the F&C lifestyle and F&C multi-manager portfolios. The Robeco fund […]
The Office of National Statistics has revised its gross domestic product figures for the fourth quarter 2009, showing growth was 0.3 per cent rather than the 0.1 per cent earlier reported. The data revision means the UK came out of recession more strongly than initially thought. Black Swan Capital wealth chief economist James Hughes says: […]
The Institute of Fiscal Studies and PricewaterhouseCoopers have both slammed Chancellor Alistair Darling’s decision to restrict tax relief onpensions for high-earners in their response to the Treasury’s consultation. IFS deputy director Carl Emmerson says the move will create complexity, unfairness and inefficiencies. He says: “The Government’s goal is to raise money by reducing the subsidy […]
Les Cameron, Head of Technical, explores defined benefit pension transfers from a technical viewpoint, tackling the topics such as transfer values and transfer drivers.
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology