Paternoster has taken on the assets and liabilities of the Emap pension scheme, which total £170m. Paternoster says its pension scheme assets exceed £750m.
The Bank of England will need to make two interest rate cuts next year in order to halt an economic slowdown, it revealed yesterday in its November inflation report.The BoE’s report showed that inflation would fall well below its 2 per cent target in two years’ time if UK interest rates were held at 5.75 […]
New Star Asset Management has appointed Dan Ford as the firm’s director of product development.
Treasury select committee chairman John McFall says rating agencies have “failed hopelessly” to ensure investors are fully aware of what their ratings stand for and were slow to react to the Northern Rock fiasco.At a TSC meeting on Tuesday, McFall blasted Standard & Poor’s, Moody’s and Fitch Ratings for failing to make it clear to […]
Cazenove’s new multi-manager team is looking at investing in hedge funds for the first time with the help of the group’s hedge fund managers, Tim Russell, Neil Pegrum and Chris Rice.
Fiona Tait – Pensions Specialist, Royal London The DGS is more than just a pretty website, it can help you to target those clients who are most likely to be affected by the proposed cut in the Money Purchase Annual Allowance MPAA). Clients who have triggered the MPAA When it was launched Royal London automatically uploaded […]
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]