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Lazard fund targeted at smaller charities

Lazard Asset Management is launching the Diversified Charity Fund, a balanced common investment fund which aims to provide the same opportunities to smaller charities as is available for bigger balanced portfolios.

Minimum initial investment is £5,000 and minimum subsequent investment is £1,000. Initial charge is 1 per cent and annual charge is 0.8 per cent.

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Court extends pension rights for part-timers

The European Court of Justice has opened up the possibility of part-time workers applying for backdated pension payments. The court ruled last week that part-time workers can claim entitlements to pension benefits back to April 8, 1976. British law says companies have to backdate part-timers&#39 entitlements by only two years.

&#39Small firms are dealing with Year 2000 bug&#39

Warnings that small businesses face meltdown because of the millennium com puter timebomb have been exaggerated, according to business finance specialist Alex Lawrie. A survey of 200 small and medium-sized businesses with turnover between £1m and £10m shows that small businesses are tackling the computer crisis. IT experts warn that many small businesses are failing […]

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Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 

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