People in receipt of annuities will receive 100 per cent compensation if their provider goes bust, the Prudential Regulation Authority has confirmed. Following a consultation the PRA says it plans to increase the long-term insurance – including annuities, pensions and life assurance – FSCS compensation limits to 100 per cent, up from 90 per cent. […]
Shadow Chancellor Ed Balls and pensions minister Steve Webb are the most high profile financial services scalps to be claimed after a shock election night. Balls, who previously held a majority of just 1,101 in the constituency of Morley & Outwood, lost out to Conservative Andrea Jenkins by 422 votes. Webb lost to Conservative candidate […]
Germany is pessimistic on the prospects of reaching a deal on Greece’s bailout in talks scheduled for next week, the FT reports. Germany’s finance minister has virtually ruled out a deal from the summit attended by eurogroup finance ministers, due to be held in Riga, Latvia on 24 April. “Nobody expects that there will be […]
Good advisory businesses typically operate with consistent systems and processes that enable them to produce bespoke outcomes for clients. Starting from scratch each time to deliver advice and allowing individuals in the firm to be left to their own devices to determine how to deliver such advice seems like a recipe for disaster. In light […]
Lucy Macdonald, portfolio manager, The Brunner Investment Trust PLC, discusses the aims and objectives of the trust and how recent political uncertainty has impacted her investment decisions. Lucy also discusses current investment themes, with a spotlight on internet businesses, and explains why investors should consider Brunner.
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