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Brexit could drag the UK into recession, warns Aviva Investors

The UK economy is likely to dip into a recession if the country decides to leave the European Union, Aviva Investors’ chief executive Euan Munro has warned. “We believe there would be a significant and negative knock-on effect on business sentiment, which would likely push the UK economy into recession towards the end of this […]

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Citizens Advice chief: Altmann provider criticism unhelpful

Citizens Advice chief executive Gillian Guy says Ros Altmann’s comments over how providers are failing to signpost to Pension Wise were not helpful. Pension Wise has suffered from low take-up since it launched in April 2015, prompting the pensions minister to blame providers for failing to direct customers to it. But Guy – whose organisation […]

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SLI GARS criticised for lack of diversification

Standard Life Investments Global Absolute Returns Strategy gets the bulk of its returns from 15 out of its 127 strategies, says Fundhouse, which has given the fund a negative rating. Research by the ratings agency found that the returns of the fund are concentrated, rather than having diversified sources of returns. “We found that bonds delivered a […]

The death of retirement – a boost for protection?

According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20% of total wages, the statutory minimum for a new automatic […]

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