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Hargreaves and Schroders among ‘least empathetic’ finance firms

Hargreaves Lansdown and Schroders are two of the least empathetic global finance companies, according to Harvard Business Review’s 2016 Global Empathy Index. Hargreaves was the 16th least empathetic company on the index, closely followed by Schroders in 17th. Both were a touch more empathetic than Virgin Money, however, which was the 15th least empathetic company […]

Danby Bloch
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Danby Bloch: Hammond’s warning on pension tax relief

The most concerning part of Chancellor Philip Hammond’s Autumn Statement was not in his speech, or even in the Green Book setting out the details of the main proposals. It was tucked away in a consultative document about cutting the amount of the pension money purchase annual allowance. The following passage from that document has […]

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£60m housebuilding fund to be established with stamp duty revenue

The government has set up an annual £60m fund to help communities “affected by second-home ownership” using revenue accumulated from stamp duty hikes. The fund will be allocated to almost 150 councils over five years to assist them in providing affordable housing for first-time buyers in areas of high demand. Almost £20m is to be […]

Buxton Richard Old Mutual

Old Mutual Global Investors chief: What 2017 has in store

This year has been a momentous one. The stockmarket’s reaction to Brexit and the election of Donald Trump as president of the US momentarily wrong-footed many investors. In both instances, a knee-jerk downward spiral and flight to safe haven assets was followed by virtual euphoria in some areas and corresponding sharp rallies. In literary circles […]

The Downsizing Delusion: Why relying exclusively on your home to fund your retirement may end in tears

By Steve Webb, director of policy The British obsession with homeownership can have dangerous consequences. A recent survey by Barings¹ found that up to three million people of working age were planning to rely wholly on the value of their home to fund their retirement. We are not talking about people investing in buy-to-let or […]

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