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Is the US heading for recession in 2016?

Market sentiment has turned very quickly after the Federal Reserve’s December move to increase interest rates. Investors are now questioning whether the first rate hike was a mistake and whether recent disappointing US economic data suggests a risk of a recession. But is the US really heading into a recession? And has the outlook for world’s […]

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L&G imposes tech restrictions for new auto-enrol business

Employers and advisers using Legal & General for automatic enrolment are being forced to go through one of two technology ‘middleware’ providers. All new schemes with a staging date of 1 January 2016 will be required to use either pensionsync or ITM’s eAsE. L&G does not levy an employer charge – unlike rivals the People’s […]

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Barings to merge with three boutique managers

MassMutual has merged four of its underlying boutique asset managers, including Barings Asset Management, creating a firm with $260bn in assets. Barings will be merged with fixed interest specialist Babson Capital Management, property specialist Cornerstone Real Estate Advisers and alternatives and private equity manager Wood Creek Capital Management.The four boutique managers are all owned by Massachusetts […]

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Six providers face FCA enforcement over closed-book failures

Six providers have been referred to FCA enforcement after the regulator uncovered widespread failures as part of its closed book review. Abbey Life, Countrywide, Old Mutual, Police Mutual, Prudential and Scottish Widows will be investigated to uncover the extent of disclosure of exit fees and paid-up charges, including after December 2008. Abbey Life and Old […]

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]

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