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NAPF extremist claim “outrageous”

The National Association of Pension Funds has accused the Government of encouraging threats against institutional investors by animal rights extremists.

NAPF director-general Ann Robinson said regulations concerning ethical investment, which are being introduced in July, “give encouragement” to activists.

The regulations will force pension funds to declare “the extent to which social, environmental or ethical considerations are taken into account” in the selection of investments.

But pensions minister Jeff Rooker hit back angrily saying: “If they are implying the Government is responsible for what amounts to terrorism it is outrageous.”


Matrix aims for £20m

Matrix Securities is hoping to bounce off the success of the Alternative Investment Market with launch of an AIM VCT.It is hoping to raise £20m for the Singer & Friedlander-managed VCT which opens for investment on March 1.The FTSE AIM index was up 168 per cent for the year ended January 31, comfortably beating the […]

Government attacked by pension funds leaders

Pension fund chiefs have attacked the Government over its ethical investment policy, claiming its may encourage animal rights extremists to attack pension fund managers.The National Association of Pension Funds sparked the row by claiming the Government was creating a climate for potential extremism by forcing pension funds to reveal the extent to which social, environmental […]

New Teps site to offer on-line quotations

Teps market makers have joined forces with investment manager Neville James to launch a website providing IFAs with on-line policy offers quotations from Association of Policy Market Makers members plus the opportunity to reserve policies on-line.The site also aims to provide the latest information surrounding the Teps market, including a frequently updated sales list […]

Fidelity snatches “number one” spot from MAM

Fidelity Investments has snatched the mantle of top fund management group from Mercury Asset Management in the Reuters 2000 survey of larger companies.The finance directors from 250 of the FTSE 350 voted in the survey.Fidelity have regained the number-one spot from last year&#39s highest ranked fund manager MAM which is now pushed down to third […]


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