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Worst year for pension funds since 1974

The value of company pension funds fell by 14 per cent in 2002, the worst single year&#39s fall since 1974, according to a survey of two thirds of occupational schemes by WM Company, a division of Deutsche Bank. The value of pension scheme funds has now fallen by 24.6 per cent over the last three years, the first time values have fallen for three years in a row since 1974.


Gartmore hunts on a new brand range

Gartmore is launching a new global brand identity and overhauling its product range with some funds being rebranded and others merged as part of an overall conversion from unit trusts to Oeics.From May, Gartmore will offer a simplified range of UK investment funds in response to feedback from investors and IFAs. It says some funds […]

&#39Equity income is set for continued success&#39

New Star income fund manager Toby Thompson has hit back at claims that equity income funds are in a bubble, claiming the sector is likely to be successful for many years.Speaking at the Hargreaves Lansdown conference in Bath last week, higher-income manager Thompson dismissed suggestions that equity income funds would go the same way as […]

MediQuote and Swiss Life in group link-up

Online insurance portal Medi-Quote is teaming up with Swiss Life to offer a group protection comparative quotation system for IFAs.The portal will enable intermediaries to generate quotations for group life, group income protection and group critical illness.MediQuote says the portal will offer the products of at least three providers and it is in talks with […]

FSA has let down society&#39s needy

I want to tell you a story, in fact, three stories, about:•A lady who lives in London. She is 76 and has nobody to pay her life insurance premiums to.•A man who lives in Lincoln, is 84 and has been told that he cannot pay his premiums to his wife&#39s savings plan.•Mike, who lives in […]


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