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Rifkind leaves Work and Pensions role

Sir Malcolm Rifkind has walked out on his role as shadow Work and Pensions Secretary after not being offered the Foreign Affairs brief in the shadow Cabinet reshuffle.
The job of Foreign Affairs spokesman has gone to former Tory leader William Hague with George Osborne remaining in his role as shadow Chancellor.
Rifkind took on the Work and Pensions brief after May’s election and found his feet in the role after a quiet first few months, recently tabling a Private Members Bill to introduce a Savings and Retirement Account based around the concept of Isas.


Timms challenges industry to come up with alternative to Turner’s NPSS

Minister for Pensions Reform, Stephen Timms today challenged the pensions industry to work up the details of an industry-led alternative model to Turner’s National Pensions Savings Scheme.Speaking at the ABI Savers Summit in London Timms said that the Government welcomes the broad framework of the Pensions Commission’s proposals and options and that they are the […]

Aberdeen GO VCT 2 on target for 70 per cent investment

Aberdeen Growth Opportunities VCT 2 managers Bill Nixon and Judith MacKenzie have made 23 investments in the first eight months since the VCT’s launch in April. The 7.8m trust now has 40 per cent of its portfolio invested in a mixture of private equity and Aim stocks and the managers say the trust is not […]

FundsNetwork aims to double sales team in 2006

FundsNetwork is hoping to double its sales team from six to twelve in 2006 to meet increased service demand from IFAs. The platform says sales have grown 43 per cent in 2005 with over 7500 advisers and 300,000 clients now signed up. Research last year showed that over 83 per cent of advisers are now […]

CSAM makes strategic alliances hire

Credit Suisse Asset Managemnet has appointed former DWS head of investment partners Stephen Andrews as head of third party sales and strategic alliances. Andrews will be responsible for the firm’s distribution through national intermediaries and networks as well as supermarkets and life companies. Andrews was responsible for building DWS’ relationships with third parties including life […]

DB transfers – one more factor to consider

Jim Grant – Senior Product Insight & Technical Support Analyst We look at how higher DB transfer values could cause a lifetime allowance issue and how that affects the advice process. Advisers are receiving an increasing number of requests from clients looking to transfer their pension from final salary schemes to personal pensions. This is a […]


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