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Personal Assets Trust MD dies

Personal Assets Trust managing director Ian Rushbrook died yesterday following a short period of illness.

F&C Asset Management currently provides administrative and company secretarial services to the independently managed investment trust. It will provide increased support to the executive team of Robin Angus and Steven Budge while the board undertakes a management review.

The board of Personal Assets Trust says its thoughts are very much with lan’s family at this difficult time.


Basic state pension to rise by 5%

The basic state pension is to rise from £90.70 a week to £95.24 next April, triggered by the retail price index hitting 5 per cent.

A life in funds

Having started in the UK financial services industry in the late 1960s, Cofunds communications consultant Richard Eats retired last week and headed to New Zealand. Remembering the inflation-led difficulties of the 1970s, as well as the 1987 crash and its impact on the mood and atmosphere of the City, Eats talks about the evolution of the UK’s retail funds industry.


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