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 […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]