New gilt issues in the range 40-50 years could be announced with the budget in March, following a consultation process with investors and gilt-edged market makers by the Debt Management Office. Pension funds, which have suffered from falling bond yields and rising longevity, have expressed interest in longer maturities.
A report on F&C by Morgan Stanley has predicted an outflow of 3bn in assets under management this year, after suffering outflows of 4.7bn last year. A 25-page Morgan Stanley report said F&C has suffered following its merger with Isis last October. The Morgan Stanley report says unit trust sales moved from an 85 million […]
“There is a serious risk of unhappy times if a full-scale trade war breaks out. If that happened it would make Brexit look like a walk in the park”, says Loomis Sayles chief economist Brian Horrigan. Click here to read the full article
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]