Adivce firm consolidator Fairstone will look to expand after signing up two more financial planning firms to its downstream buy out programme. Brett & Randall Financial Services and Chilli Financial will bring £250m in assets under management to Fairstone, and are the first entering its DBO programme this year. The programme brings firms in at […]
The Department for Work and Pensions expects to spend £96.6bn on the state pension in 2018/19, a 3 per cent increase on the year before. The DWP has detailed its cost estimates in a memorandum sent to the work and pensions select committee, published on its website yesterday. The latest forecast for state pension costs […]
Rathbone Brothers has confirmed it is in takeover talks with Scottish investment manager Speirs & Jeffrey in a potential deal worth £200m. In a stock exchange announcement released this morning, the group says it “regularly assesses various acquisition opportunities in line with its stated strategy”. However, it states that no binding offer has been made […]
Defined benefit scheme trustees must monitor pension transfer activity closely and should report any concerns about financial advice to either The Pensions Regulator or the FCA. In its annual funding statement published today, TPR says it wants to ensure DB scheme members and their advisers have all the information they need to make informed decisions […]
By Paul Caruana-Galizia, Neptune Economist
Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.
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