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Jupiter back in profit for first half

Jupiter made a profit of £14.6m for the first half of the year after a loss of £6.5m for the same period in 2009.


Principles of performance

Leigh Grubb, chief operating officer at Alliance Trust Asset Management, says there is a place for performance fees but a shake-up is needed to ensure they are in the best interests of clients

IEA says true deficit is £5trn

The Institute of Economic Affairs says the Government has underestimated the size of the UK deficit, as including pension liabilities takes the official debt figure from £816bn to nearly £5trn.


Banks fear new regulators will lack accountability

The British Bankers’ Association is lobbying the Government over fears that the new Consumer Protection and Markets Authority and the Prudential Regulation Authority will lack accountability. According to the Telegraph, the BBA and many of the UK’s largest banks fear that scrapping the FSA will leave too much power in the hands of a small, […]


Pension deficit puts UK £5trn in debt

The Institute of Economic Affairs has warned that the Government is grossly underestimating the size of the UK deficit by ignoring pension liabilities. Last week the Office of National Statistics reported that the UK national debt was falling, with an annualised figure of £816bn. But IEA director general Mark Littlewood says these figures “disguise the […]

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David Cameron appoints former adviser to Tony Blair as new pensions minister

Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.


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