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Time for action – ABI

Reacting to today&#39s publication of the Pensions Commission&#39s report, ABI Director General Mary Francis says: “Three years ago the ABI calculated that there was a savings gap of £27bn each year. This now looks like an under-estimate. There are no easy answers to the pensions crisis, but the bones of a solution are emerging.”

The ABI recommends reforming the state pensions provision, putting employers back at the heart of pension provision, and building awareness of the need to save for old age.


Kleinwort offers hedge fund range in joint deal

Kleinwort Benson Private Bank is setting up a range of onshore funds tracking major hedge fund indices in association with boutique Bespoke Financial Consulting. The products, including the FTSE broad hedge fund and S&P broad hedge fund index-tracking portfolios, will be launched by Bespoke, with Kleinwort acting as investment manager. They will be in an […]

FSA and Treasury respond to savings report

The FSA and the Treasury have responded to select committee recommendations to improve confidence in savings.The Government has joined the select committee&#39s called for an industry led forum designed to tackle to the problems of consumer confidence.And it has welcomed the commitment of the FSA and of product providers to come up with some workable […]

Mortgage Next launches new compliance software

Network and packager Mortgage Next is launching new point-of-sale compliance software. It offers single point data entry and full integration with other software systems, such as Mortgage Brain and Trigold.Mortgage Next marketing director Justine Tomlinson says: “Cornerstone is an excellent piece of software, which brokers will find comprehensive in its scope and yet easy to […]

Barclays Global Investors – i-Shares MSCI FTSE Xinhua China 25

Type: Exchange traded fund Aim: Growth by tracking the performance of the FTSE Xinhua China 25 Index Minimum investment: Subject to negotiation with a stockbroker Investment split: 100% tracking the performance of the FTSE Xinhua China 25 index Place of registration: Dublin Isa link: Yes Pep transfers: Yes Charges: Annual 0.74% Commission: None Tel: 020 […]


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