AIG Life says it may not be able to make early distributions to investors who chose to move their assets from its enhanced fund into its protected recovery fund.
Included in Gordon Brown’s article for last week’s Observer was the following comment: “We have got to get the balance right between serving homeowners better and encouraging responsibility in the housing market. We have also asked the Financial Services Authority to look at how in the future we should control new mortgages for more than 100 per cent of house value.”
RBS is the first bank to sign up to the Government’s new asset protection scheme, with a deal to hand over £325bn worth of risky assets to be “ring-fenced”.
The FSA has floated the idea of introducing a form of product regulation into the market as a way of banning products that are deemed too risky.
Value stocks have significantly underperformed growth stocks in Europe in the past decade. However, Rob Burnett, manager of the Neptune European Opportunities Fund, believes we are now approaching an inflection point. Watch the video below to find out more. In the video, Rob discusses: How low inflation and loose monetary policy since the global financial […]
- Top trends
- Top trends
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A Centre for Policy Studies report claims former deputy primer minister Nick Clegg’s insistence on the state pension triple lock policy was a driver in increasing intergenerational unfairness. The report says that, since 2010, welfare spending on pensioners has increased by 10 per cent in real terms but is down by 5 per cent for […]
Employers should follow the lead of a Stoke-on-Trent pottery business that brings an IFA into their business on a regular basis as part of their HR offering, pension and financial inclusion minister Guy Opperman says. Speaking at the Pensions and Lifetime Savings Association conference yesterday, Opperman said Stoke-based Steelite, whose premises he had visited, should […]
Race for talent hots up but top planners are still at a premium