Recommended

Zurich-building-2012-700.jpg

Zurich transfers annuity book to Rothesay Life

Zurich UK Life is to transfer its legacy portfolio of £1.2bn of annuities to specialist insurer Rothesay Life for an undisclosed fee. Under part seven transfer rules the transfer, of around 28,000 policies, is subject to a review process by regulators and courts before it can complete. Zurich has not actively promoted annuity sales since […]

Sprouting-Money-Growth-Emerging-Currency-700.jpg

UK GDP up to 0.4% in April

UK GDP grew by 0.4 per cent in the three months to April compared to 0.3 per cent growth in the three months ending in March 2015, according to the National Institute of Economic and Social Research. The think-tank says it expects “the slight softening” of GDP growth experienced in the first quarter of this […]

Telephone-Phone-Business-Finance-General-700.jpg
3

Warning over boom in pension texts and cold calls

The Information Commissioner’s Office has raised concerns over the increase in the number of people receiving cold calls or texts about their pensions. It says it has received over 1,000 complaints since last Christmas. Of these, 434 complaints were about live calls, 445 were about automated calls and 67 on spam texts. In addition, Which? […]

Mark-Carney-with-bank-note-in-background-700.jpg

Carney: EU referendum needed ‘as soon as necessary’

Bank of England governor Mark Carney says the UK should hold a referendum on its membership of the EU “as soon as necessary”. Speaking on the BBC’s Today programme yesterday, Carney said: “We talk to a lot of bosses and there has been uncertainty, whether it’s for the election or the referendum.” He said businesses […]

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment