Ros Altmann was offered the role of pensions minister by the Conservatives but turned it down, Money Marketing can reveal. Instead, Altmann will be made a peer and appointed minister responsible for financial consumer protection and education. Former pensions minister and LibDem Steve Webb lost his seat in today’s general election, leaving the Conservatives without […]
Investors in failed property investment scheme Arck are facing further delays as the Financial Services Compensation Scheme continues to investigate claims against advisers. In an update published on its website yesterday, the FSCS says it has moved “a step closer” to assessing the scheme’s financial position in relation investors’ claims after former Arck partners Kathryn […]
Automatic enrolment provider Now: Pensions has come under fire for hitting employers with an exit fee if they choose to switch to a different scheme within two years. Under scheme rules in place since it launched in 2012, employers who decide to switch provider within the first 24 months have to pay a fine depending […]
Labour leader Ed Miliband is seeking to return tax avoidance and non-dom rules to the spotlight just days before the election. Speaking today in Pendle, Lancashire, Miliband will claim that “there is no bigger symbol” of the failures of the coalition Government than tax avoidance, and renew his pledge to ban non-dom status for those […]
By Paul Caruana-Galizia, Neptune Economist
Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.
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