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Pension industry to wait and see

The pensions industry says it has to wait for further details of the government plans to upgrade pensions before they know what impact it will have on the private sector. Chancellor of the Exchequer Gordon Brown used his conference speech to promise pensioners an increase in state pensions, with speculation it could amount to £90 a week from next April. But the industry is unsure how this increase will be implemented. Until they know providers say they cannot assess the impact on stakehohlder and other pensions.


&#39International standards are inevitable&#39

The creation of an internationally accepted standard of financial advice is inevitable, claims the organisation leading the charge in the UK.The Institute of Financial Planning says the movement towards the standard is in its preliminary stages but saysit has the support of prominent groups such as the British Standards Institute.Chief executive Nick Cann claims once […]

Red tape slashes IFA values

The value of IFA firms is plummeting, according to IFA Portfolio, and advisers can no longer rely on the sale of the business to fund their retirement.IFA Portfolio says IFAs can now expect to receive less than half what they could have sold their firms for three years ago.Research carried out for IFA Portfolio by […]

Fidelity Investments – Industrials Fund

Friday, 29th September 2000.Type: SICAV.Aim: Growth by investing in global industrial companies.Minimum investment: Lump sum £1,000, monthly £50.Place of registration: Luxemburg.Investment split: North America 38.7 per cent, Europe 23.6 per cent, UK 11.4 per cent, Japan 18.6 per cent, Pacific 5.3 per cent, Latin America 1.2 per cent, other 1.2 per cent.Yield: Nil.Isa link: Yes.Charges: […]

Death of Tim Miller

Portfolio Fund Management founder and managing director Tim Miller has died following a motor-racing accident.Miller died on September 5, aged 59, three days after the accident at Oulton Park in Cheshire.An illustrious career at several of the UK&#39s top fund management firms made Miller one of the most respected and well-known figures in the investment […]


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


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