View more on these topics

Pensions Ombudsman reappointed

Pensions Ombudsman Dr Julian Farrand has been reappointed for a further two years.


The move confirmed by Secretary of State for Social Security Alistair Darling, also sees Farrand retain his position as Chairman of the Pensions Compensation Board.


Farrand was appointed Pensions Ombudsman in September 1994 having previously served as Insurance Ombudsman for nearly six years.


He has been chairman of the compensation board since August 1996.


Darling says: &#34Dr Farrand has raised the profile of the office and done much to resolve disputes between members and their pension schemes.


&#34He is completely independent of the pensions industry and acts as an impartial adjudicator.&#34

Recommended

Leeds & Holbeck Building Society fixes for three years

Leeds & Holbeck Building Society is launching a three year fixed rate loan on July 8.The rate is fixed at 5.75 per cent until September 1, 2002, up to 95 per cent loan to value.The rate has no extended tie ins after the fixed period. But if redeemed during the fixed term, a penalty of […]

Pensions &#39Blue Book&#39 now available on disc

Pension information publication &#39Pension Funds and their Advisers 1999&#39 otherwise known as the &#39Blue Book&#39 is now available on CD-Rom.The CD-Rom will be available to subscribers of the book on a free 30-day trial basis. The cost after the trial period varies according to the status of the user, starting at £475 a year and […]

BAM posts record retail results

Britannia Asset Management has announced record sales of retail funds for the first half of 1999, with IFA sales climbing 89 per cent to £87.6m from £46.3m. New sales of investment funds have increased 66 per cent to £151.8m from £91.8m.

Revenue increases retirement options on occupational schemes

The Inland Revenue has granted the deferred annuity and income drawdown facilities to Occupational Pension Schemes.The new flexible pension options were announced on Tuesday.Now occupational pension scheme holders will have the same retirement opportunities as their personal pension plan counterparts.In a further move towards flexibility of occupational schemes the IR will allow the benefits from […]

Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment