More staff than estimated quit work pension schemes

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More staff than estimated quit work pension schemes

More staff than estimated quit work pension schemes
Workers quitting company pension schemes after being automatically enrolled may be more than twice official estimates, a survey released today by Eversheds, the global law firm, has suggested.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 4

Buyers snap up company pensions
A study by JLT Employment Benefits has found that the rejuvenated market for pension buyouts is set to top £4.5bn this year as companies offload the risks presented by their financial commitments to staff.
The Times, p. 39

Foreign funds pour into UK
It has emerged that flows of money from overseas investors boosted funds at British asset managers to a record £5.4tn last year. The amount of capital now managed by these companies stands 30 per cent higher than before the financial crisis, according to figures from THECITYUK.
The Independent, p. 54

US casts risk focus on asset managers
The US Treasury’s Office of Financial Research issued a report yesterday detailing the ways in which asset managers could create vulnerabilities in the financial system.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 24

Hedge fund stockpickers enjoy bull run returns
News analysis on how hedge funds have rarely been more bullish on equities. Egerton Capital was up 23 per cent as of the end of August thanks to investments in Sky Deutschland and Prada.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 36

More mortgages and higher house prices pump up concerns about property bubble
Mortgage approvals have soared to their highest level in five years as the housing market recovery accelerates, fuelling concerns about an inflating property bubble, according to the Bank of England.
The Times, p. 40
Also appeared in : Financial Times, p.3, Independent i, p.6, The Daily Telegraph Business, p.3, The Guardian, p.25, The Guardian, p.30, The Times, p.37

Reluctant lenders refuse to commit to scheme
Banks and building societies are refusing to commit to the Government’s Help to Buy mortgage guarantee scheme until more details are released about the costs and benefits for lenders.
The Daily Telegraph Business, p. 3
Also appeared in : The Daily Telegraph Business, p.2, The Independent, p.52-53

Hopefuls rush to browse property websites
Focus on how the government’s decision to bring forward the second phase of its Help to Buy mortgage guarantee scheme sparked an immediate rush of interest from homebuyers.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 3

House prices to rise by a quarter in five years, says think tank
The Centre for Economics and Business Research has estimated that house prices will rise by nearly a quarter over the next five years. The CEBR’s average prices are based on official figures from the Office for National Statistics.
The Daily Telegraph, p. 17

JPMorgan-US talks enter week two
Talks between JPMorganChase and US officials to resolve allegations that the bank mis-sold mortgage securities in the run-up to the financial crisis are moving a step closer.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 24

Delay in Barclays cutting ties with remittance firms
Barclays’ decision to ignore the pleas of Olympic gold medal hero Mo Farah and cease trading with 100 money transfer firms has taken a fresh twist after one of them took legal action against the bank.
The Daily Telegraph Business, p. 4

Barclays rights issue shows reciprocity is back in vogue
Patrick Jenkins comments on Barclays’ rights issue, which closes tomorrow.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 22

Wells Fargo settles
Briefing on Wells Fargo agreeing an $869mn settlement with Freddie Mac over loans the US bank sold to the government-backed mortgage lender before 2009.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 1

The above articles appeared on 01/10/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

Charterbridge Private Financial Planning, Independent Financial Advice, Thornbury, Bristol.