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Tories water down IHT commitment

The Conservative Party has watered down its previous commitment to raise the inheritance tax limit to £1m, suggesting this would now be done during its first term rather than as a priority.

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Take a fixed view

As newsflow and sentiment change through economic and investment cycles, investor demand for different asset classes ebbs and flows. This, in turn, drives changing relative performance trends through the cycle. The credit crunch period since the summer of 2007 has been more extreme than the cycles of recent history but ultimately it has been no different in its influence on demand and performance.

ScotLife fund goes back to offer price

Scottish Life has changed its property pension fund back to offer price. The firm switched the fund, which was worth £595m at the end of August, to bid price in November 2007.

Scott joins RBS as non-exec for risk

Aviva chief financial officer Philip Scott is joining Royal Bank of Scotland as a non-executive chairman of a new risk committee at the bank.

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