Threadneedle is reducing its GDP growth forecast for 1999 on the basis of a series of profits warnings from a wide range of companies.
It says predicting that interest rates will fall rapidly next year.
Threadneedle's European portfolios are increasing their exposure to domestic growth stocks and minimising exposure to companies sensitive to global economic activity.
Mercury Life is launching a fund for people in phased retirement or income drawdown schemes designed to win £25m of business.The Mercury Life Pension Protector Fund will invest a minimum of 92 per cent in long-dated gilts with the balance invested in options which will outperform gilts and equities.Mercury Life retail director Roderic Rennison says […]
Divorced couples could receive 30 per cent more money if they sell rather than surrender their with-profits endowment policies, according to a research report by Neville James.Neville James chief executive Morris Bisdee says: "Largely through ignorance, two-thirds of all policies taken out in the UK never see the end of their terms. By selling these […]
Hill Samuel Asset Management has extended its offer of a 3.5 per cent initial commission on the Complete Investment Account until December 31.The CIA is a tax efficient investment that offers maximum use of clients' annual £6,800 capital gains tax allowance with no CGT liabilities for switches within the trust.
Gartmore is to take advantage of the Government's stamp duty exemption period to streamline its retail unit trust range.Gartmore was bought by NatWest in April 1996 and plans to amalgamate certain funds, re-name others, introduce accumulation units and standardise the charging structure.The proposals will reduce the number of retail unit trusts from 35 to 28 […]
Loomis Sayles senior global economist James Balfour looks at the three main macro themes evident during October: a world lacking in demand; the strength of global market performance; and the required exit from profits recession. Click here
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The rise of ethical funds and sustainable investment brings into question just how broad and subjective the space can be One of 2018’s most-used buzzwords in investment has been “ethical”. The rise in popularity of environmental, social and governance investing has been widespread, and in 2017 more than £1bn of net retail money flowed into […]
The Personal Investment Management and Financial Advice Association has published an updated version of its Mifid II feedback template and guide. Both documents jointly authored with the Tax Incentivised Savings Association were originally issued for industry comment in June 2018. The updated template and guide reflect the feedback received from Pimfa’s product governance and template testing working groups. […]
Legal and General Assurance Society has apologised to a client for making repeated mistakes in the information it gave about the amount of tax free cash he could take. In a ruling from The Financial Ombudsman Service, Mr M complains L&G’s errors resulted in the need for him to return funds and caused him “significant trouble” and […]
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