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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Vanguard and T Rowe Price have slashed valuations for their holdings in Uber by 15 per cent and 12 per cent respectively as the company faces corporate governance turmoil and searches for a new chief executive. However, rival Blackrock has increased its valuation in the unquoted ride-share company by 10 per cent, the Financial Times reports. Fidelity […]
One of the three cases lost by HMRC concerned Investec
Financial advisers are working to make sure clients are told about new tax evasion rules as part of a fresh crackdown by HM Revenue & Customs. IFAs must send letters to clients by the end of next week telling them that undeclared offshore accounts could land them in trouble with the taxman. HMRC’s message, which […]