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State pension costs continue to rise

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 […]

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Police investigate advice firm over suspected fraud

The City of London Police has launched a criminal investigation into Kingsbridge Asset Management over allegations of fraud. In 2015, Kingsbridge advisers David McKee and Kevin McMenamin were thrust into the spotlight after reports they earned more than £5m from recommending film scheme investments worth a total of £100m to some of the biggest names […]

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Fears over investment trust sales as new disclosure hikes costs

Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]

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