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Investment trusts disappoint in Q1 amid lack of demand

The investment trust sector has not been immune to this year’s market volatility as it underperformed in the first quarter of 2016 amid a weakening of demand. The FTSE Equity Investment Instruments Index was down 2.2 per cent in the three months to the end of March on a total return basis, compared with a […]

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Brexit could drag the UK into recession, warns Aviva Investors

The UK economy is likely to dip into a recession if the country decides to leave the European Union, Aviva Investors’ chief executive Euan Munro has warned. “We believe there would be a significant and negative knock-on effect on business sentiment, which would likely push the UK economy into recession towards the end of this […]

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Advisers back Pension Wise cuts amid low guidance demand

Advisers have come out in favour of reductions to the budget and staff count for Pension Wise, although some question the timing of the decision. Money Marketing revealed last week the service would cut just over a third of the numbers of guiders, shortly after the FCA announced its budget would drop by a quarter. […]

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ABI: £6bn withdrawn since pension freedoms launch

Savers have withdrawn £5.9bn since the pension freedom reforms came into force, according to the Association of British Insurers. The new data, which covers the first nine months of the reforms, reveals £3bn has released through 213,000 lump-sum payments, with an average payment of £14,800. The trade body adds £2.9bn was taken through 835,900 income […]

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