The true pension deficit of FTSE 100 companies is likely to be closer to zero than the 37bn reported recently in the press, according to a report by SEI Investments and Cardiff Business School. The research suggests current FRS17 rules used to account for a companys pensions deficit create over cautious assumptions and should be replaced by their weighted cost of capital.
Jayne Stevlingson has joined Gartmores small-cap investment team as senior investment manger.Stevlingson, based in Philadelphia, will assume portfolio co-management responsibilities, alongside Gil Knight, on the Gartmore US smaller companies fund and the Gartmore SICAV US smaller companies fund. She will report to Gartmore US chief executive Young Chin.She joins from Altura Asset Management where her […]
Brazil is an attractive emerging market, particularly in the consumer and commodity areas. The consumer market is large and growing while the country has many natural resources, which can be extracted at low prices.
UCB Home Loans
Buy-to-Let Three Year Flexible Fixed Rate
Skipton Building Society has established the double asset bond 2, a product which combines a FTSE-100 linked guaranteed equity bond with a one-year fixed-rate savings account.
March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]
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Old Mutual Wealth has appointed Jeremy Mugridge as proposition marketing head for its platform. Mugridge previously worked in marketing at Old Mutual Wealth but now joins the business from Aegon where he was working on consultancy projects. In his new role he replaces Tom Hawkins who will lead Old Mutual Wealth’s team of office-based consultants. […]
The Financial Ombudsman Service does not plan on making any changes to the way it is funded in the next financial year. The FOS published a consultation today about its proposed plans and budget for the 2018/19 financial year. The consultation says the organisation is aware it will need a funding model that accounts for […]
Savers will only be engaged in the pension dashboard if they have trust and confidence in the information it provides, according to the pensions minister. Speaking yesterday at a pensions dashboard development day event, pensions and financial inclusion minister Guy Opperman said all parts of the industry need to be on board with the project […]