Scottish Widows is looking to remove the board of the £500m UK balanced property trust after it moved its mandate to Cordatas Partners, a firm set up by former head of Swip property funds Tom Laidlaw and his one-time deputy Mike Channing.
Money Marketing printed my comments on the May 3 edition concerning the ABI’s proposals. This was before I saw the excellent piece by Paul MacMillan outlining the ABI’s 10 proposals.
Many commentators and experts continue to be relatively bearish on equity markets. It is not difficult to see their case. A possible bubble in the Chinese A-share market could easily burst and highly leveraged positions in private equity and hedge funds could suddenly go into reverse. Either of these could have a dramatic effect on […]
Standard & Poor’s says the wider investment powers available to fixed-interest vehicles are changing the risk profile of the sector.The fund ratings and research provider believes that although investors stereotypically view the asset class as providing static, unvaried returns, the uptake of Ucits III by some fund managers in the past few months and adoption […]
HSBC says it does not see the need for personal accounts because corporate pension schemes are working already.Speaking at the ABI conf-erence, head of pensions and retirement income Ian Martin said the bank writes around 60 corporate sch-emes a week in the small and medium-sized enter-prise market.He said: “This is not the silver bullet to […]
George Osborne announced in his July Budget speech that the UK will introduce a new National Living Wage in April 2016. So what – if anything – does this mean for employee benefits?
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology