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M&G shuns sterling and dollar

M&G’s cautious multi-asset fund is focusing its fixed-interest exposure on currencies such as the euro and yen because these are stronger than sterling and the dollar.

Fund manager David Jane, M&G’s head of equity investment, thinks sterling will weaken against the euro and the yen as expectations of a long period of low UK interest rates, coupled with more quantitative easing, will put sterling under pressure in foreign exchange markets.

Jane wants more exposure to stronger currencies and emerging market debt. He believes emerging markets have stronger economic fundamentals, healthier current account balances and public sector finances.

He says: “It is in the interests of the US to have a weak dollar in order to help the exporters, and the same argument could apply to sterling.”


Jory wants 30% relief for all

B&CE deputy chief executive John Jory has called on the Government to bring in 30 per cent flat rate-tax relief on pensions and raise state pension age to 80.

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How does an elephant get in the room in the first place? Whenever I hear that phrase, my elephant is in a sitting room with human-sized doors.

Pension savings-2015

Pension tax relief: parked (for the moment)

The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]


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