Government aid for Lloyds TSB and RBS has added as much as £1.5 trillion to the national debt.
Overseas domiciled funds under management fell by 11 per cent last year to 16.1bn from £18bn in 2007, according to statistics from the Investment Management Association.
Amid an almost unprecedented year of financial crisis, 2008 was all about gilts.
Legal & General has set up a direct annuity service, primarily for people nearing retirement with small pension pots and those who feel confident to shop around themselves.
During 2016 employers will feel the effect of the many changes that have been happening in the pensions industry. Steve Herbert, head of benefits strategy for Jelf Employee Benefits, looks at some of the key areas of which UK plc needs to be aware. He says: “There are potential hazards in store for employers in […]
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The property sector has been in the spotlight since Brexit, when redemptions led to gating of funds. Both the FCA and Bank of England have since reviewed the liquidity mismatch between funds and their underlying assets. While weaker sterling encouraged institutional money into the asset class, the UK’s snap general election led to a disappointing […]
Provident will now not pay an interim dividend and says a full-year dividend is unlikely
Former Lloyds Banking Group chief executive Eric Daniels is taking the bank to court over failure to pay bonuses amounting to hundreds of thousands of pounds. Daniels is joined by former head of wholesale banking Truett Tate in High Court legal claims filed this month, according to the Times, which understands that the suit relates […]