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Lib Dems slam widows changes

The Liberal Democrats are warning that Pickering&#39s overhaul of pension legislation will unfairly hit widows who have lived in the expectation of being provided for in later life.

They have called for more action to stop the haemorraging of money from company pension schemes.

Liberal Democrat work and pensions spokesman Steve Webb says: “Among today&#39s pensioner, elderly widows are by far the poorest. To scrap rues that offer protecion for widows is a step in the wrong direction.”

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Threadneedle Investments – Threadneedle Global Healthcare Fund

Tuesday, July 9, 2002Type: OeicAim: Growth by investing in pharmaceutical companies,biotechnology, healthcare providers, medical supply companies andproducers of advanced medical devicesMinimum investment: Lump sum £2,000Investment split: Pharmaceuticals 55.5%, healthcare 14%,biotechnology 9.5%, medical technology 7%, medical supplies 8.5%,cash 5.5%Isa link: YesPep transfers: YesCharges: Initial 3.75%, annual 1.5%Commission: Initial 3%, renewal 0.5%Tel: 0800 0684000

Govett strengthens its sales support

Fund manager Govett has announced it is strengthening its sales team with the appointment of a sales director for open-ended funds in the South East. Adrian Lott will be responsible for Govett&#39s existing IFA relationships in the South East as well as for developing new relationships.He joins from Deutsche Asset Management where he was regional […]

Employees to be compelled to join schemes

Employers should be allowed to make membership of their pension scheme a compulsory condition of employment according to the Pickering.The Pickering report says this provision should include traditional final salary and money purchase occupational schemes, stakeholder, personal pensions and group personal pensions.However the employer will only be able to make membership compulsory if it is […]

Sandler to criticise actively managed funds – FT

Ron Sandler will criticise actively managed funds, saying investors should look instead to trackers when he issues his report tomorrow according to the Financial Times.Sandler will be critical of actively managed funds for charging consumers too much and not delivering the FT says.Contrary to earlier reports Sandler will effectively endorse the FSA&#39s Defined Payment proposal […]

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