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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St James’s Place chair Sarah Bates will retire from the wealth manager after 14 years with the firm. Bates will be replaced by current senior director Iain Cornish in her capacity as chair, while SJP also looks to appoint a new non-executive director to the board. Bates became chair in 2014 and oversaw the transition […]
Premier Asset Management has reported a 16 per cent increase in assets under management as it backs active management to overcome political instability in the years ahead. The Guildford-headquartered manager says it has increased AUM from £5.5bn in March 2017 to £6.4bn this March. Net inflows were £411m in the six months to March, up […]
Barclays could be set for a tie up with a competitor bank in the wake of pressure from one of its largest shareholders. The Financial Times reports that names in the frame include Standard Chartered, which two people close to the situation say was a favoured option of Barclays chairman John McFarlane and potentially supported […]