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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There are growing signs that positive lifestyle decisions taken now could lead to positive effects on mental capacity in later life. Vitality’s Deepak Jobanputra examines the emerging evidence.
Being the dedicated adviser to the employees of local businesses will boost your reputation and grow your firm Taken at face value, the roles of financial planner and HR officer may not appear to have much in common. Yet, the two can dovetail perfectly in some situations. The most obvious benefit is when it comes […]
Advisers must be able to trust their discretionary fund manager as decisions that backfire could still be the advisers’ responsibility, experts say. In the latest edition of Money Marketing’s series of live debates, MM Wired, gbi2 consulting director Graham Bentley, Signpost Financial Planning chartered financial planner Nigel McTear, Charles Stanley senior investment manager Will Walker-Arnott […]