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Pension trustees given vote of confidence

Pension trustees have been given a vote of confidence as competent handlers of pension funds in research from Watson Wyatt and Cranfield University School of Management. Despite 74 per cent of trustees having backgrounds unrelated to finance, the research found trustees make responsible decisions with pension funds. But the most training a trustee had received was just three days.


&#39US won&#39t fall into a double-dip recession&#39

The US economy is unlikely to fall back into a double-dip successive recession predicts Govett&#39s US opportunities fund manager Gil Knight. The US slipped into recession in March last year but returned to growth in the fourth quarter last year and, following GDP growth of 5.8 per cent for the first quarter of this year, […]

NU in talks with Revenue over money back annuity

Norwich Union is in talks with the Inland Revenue to get approval for a money back annuity that will pay out capital after death in the form of income. NU will guarantee the full original value of the annuity pot and will pay the outstanding balance to the annuitant&#39s estate on death as taxable income. […]

Abbey extending Inscape to IFAs

Abbey National is looking at opening up its wealth management service Inscape and fund supermarket FundsCentre to IFAs. Inscape was set up in November 2000 for people with more than £50,000 to invest, offering a multi-manager portfolio service and tax and other financial planning at 12 regi-onal advice centres. Abbey is considering whether to make […]

State Street brings ETF experience to UK

State Street Global Advisers, the investment management arm of US investment bank State Street, is offering the streetTRACKS MSCI Pan-Euro exchange traded fund (ETF) as part of its family of European ETFs.In 1993, State Street established the first exchange traded fund in the US in conjunction with the American Stock Exchange. It has now received […]


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