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Fund managers deny world ending

The world is no longer on the brink of an apocalypse. That at least is the view of global fund managers judged by this month’s Merrill Lynch survey.Gary Baker, co-head of international investment strategy at Banc of America Securities Merrill Lynch, reports “a surge in global growth optimism”. Although there is no evidence of bullish […]

Toxic trail

One of Gordon Brown’s favourite catchphrases, except when he is in the US, is: “This started in America.” Fair comment. Most countries quite rightly blame the US for the global financial collapse despite being willing players as long as the illusion of prosperity lasted.

Changes to early exit pension charges

In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]

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