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Royal & SunAlliance Investments predicts world economy to plunge into recession

Royal & SunAlliance Investments says it expects the global economy to be tipped into a recession in one of the first investment outlooks published since attack on the USA.

It says the downturn will be deeper than previously expected but its impact will be softened by deeper interest rate cuts.

R&SA says that in the short term a “pro-cyclical” investment climate appears inappropriate as the global economy faces renewed weakness.

But it also warns that markets may also overshoot on the downside with signs markets are expecting a significant deterioration in fundamentals.

The fund manager also believes the stock market recovery will be more difficult to predict because of fears about futher incidents.

It also says that in the run up to the Gulf War, US consumer confidence declined but improved when it became clear most people in the US were not in direct danger.

This is clearly not the case this time. Recent events are likely to have a more profound affect on consumer behaviour and on a subsequent recovery, the fund manager believes.


Networks sideline GE plan amid capital fears

Leading networks have struck the latest GE Life high-income plan off their approved lists after the recent FSA warning questioning the suitability of some high-income products. Misys and Tenet Group, with a combined 5,700 RIs, say they will not allow their advisers to recommend GE Life&#39s high income & growth plan VI. Under the product […]

Credit Suisse Asset Management – Multi-Manager UK Strategic Portfolio

Monday, 10 September 2001.Type: Unit trust. Aim: Growth by investing in fund of funds.Minimum investment: Lump sum £1,000, monthly £100.Investment split: 100 per cent fund of funds.Isa link: Yes.Pep transfers: Yes.Charges: Initial 4 per cent, annual 1.5 per cent.Commission: Initial 3 per cent, renewal 0.5 per cent.Tel: 020 7426 2626.  

Website offers professional links

My Money Adviser is launching a website that allows IFAs to expand their internet presence through sites that share branding with professional partners such as lawyers and accountants. The MultiSite enables IFAs to co-brand ecommerce sites with third parties, allowing the IFAs partners to refer their clients to the adviser&#39s site, giving access to My […]

&#39E-commerce emphasis will shift to IFAs&#39

Life companies&#39-commerce strategies have failed to deliver, forcing a change of direction that will see insurers targeting IFAs rather than con- sumers, according to a major report published today. The report, by management and IT consultants Cap Gemini Ernst & Young, reveals product providers will have to focus resources on driving IFAs towards their online […]

Survey cover

EEF/Jelf Employee Benefits Sickness Absence Survey 2015

EEF stated in its 2015 EEF Manifesto that the UK’s growth prospects depend on people being fit, working and productive. Keeping people in work and helping people return to work is very important for the manufacturing sector. It means boosting productivity by getting people back into work as early as is possible, as well as fostering workplace cultures and environments that proactively manage individuals’ health conditions so that all can benefit from lower sickness absence outcomes.


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