View more on these topics

Public sector pensions liabilities rocket by £50bn in a year

Public sector pensions liabilities have increased by £50bn, according to the latest figures from the Government.

The combined liabilities of six of the biggest seven public sector retirement schemes have risen by 18 per cent from £276.6bn to £327.3bn in 12 months.
The figures, which include both current and retired workers, feature in a series of 2005/06 “resource accounts” filed at the Stationery Office over the past few weeks.
The teachers pensions liability increase was £23.4bn followed by the civil Service pensions scheme at £16.6bn, and the armed forced pensions scheme at £9.8bn.


Aifa lobbies for limited advice with disclaimer

Aifa is to lobby for the introduction of limited advice, which would enable advisers to offer advice on specific product areas without the compliance risk of carrying out a full fact-find. Under Aifa’s proposals, advisers’ clients would sign a disclaimer that would enable an adviser to, for example, advise a client purely on how best […]

Don’t worry, be happy

Dispensing advice on life, work and the benefits of selling protection

DB says staff fallout ‘is to be accepted’

DB Mortgages managing director Bill Dudgeon admits he will struggle to keep all his staff happy at the start-up company.His comments come after a senior source told Money Marketing that at least one high-profile figure at DB has approached his former employer at The Mortgage Business about returning to the HBOS-owned lender, amid rumours that […]

SG combines five asset classes in protected product

SG Asset Management is set to launch a capital-protected fund which offers exposure to five asset classes. The Adequity best asset protected fund will be structured as an onshore fund providing exposure to the returns of a basket of UK and US equities, pan-European commercial real estate, hedge funds and commodities indices. Launching on November […]

UK Equities: looking past short volatility

By Mark Martin, head of UK Equities, Neptune With markets facing numerous challenges this year, Neptune’s Mark Martin, manager of the UK Mid Cap Fund, and assistant manager Holly Cassell explain how they look past short-term volatility to focus on maintaining a strong long-term performance record. Read more here Important Information – for investment professionals only. […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment