Former Treasury Chief Secretary Yvette Cooper has replaced James Purnell as Work and Pensions Secretary after he quit the Cabinet last week. Angela Eagle has taken over as pensions minister from Rosie Winterton, who has only had the brief since October 2008, when she took over from Mike O’Brien.
Net sales of European funds hit 3 billion (2.6 billion) in April, up from 75m in March, according to Lipper FMI’s Fund Flash Report. However, the inflow is a fraction of the 16 billion of inflows in the same month last year. The figure was boosted by a net inflow of 3.6 billion into bond […]
Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Side Thoughts from Simon Gergel… April saw the first day since the industrial revolution that no coal was used to generate electricity for the UK’s national grid. The Financial Times reported that around 34% of power was generated […]
What’s the news in protection? On the surface you could be forgiven for thinking there isn’t anything new, that protection is still generally being overlooked and undervalued. Figures from Royal London’s State of the Protection Nation Report show that just 35% of people have life insurance, 12% have critical illness cover and 9% have income […]
National advice firm and investment manager Lighthouse Group has decided to exit the master trust market amid fears incoming regulation would make operating the auto-enrolment service too costly. Lighthouse announced today it will no longer provide financial support to its corporate pensions trust to enable it to apply for master trust authorisation. Following a review […]