Latin American pension funds have been dropping mutual funds and tapping emerging markets ETFs to gain exposure to non-domestic equities, according to industry figures.
Investors are braced for their dividend income to fall by 13% this year as Britain's quoted companies horde cash to ride out the recession, reports the Guardian.
JUST 100 FIRST-TIME buyers have taken out mortgages under the Government's pioneering shared-equity home ownership scheme with the private sector, according to the Daily Telegraph.
One fifth of the population believe they can survive on a retirement fund of less than £50,000, equivalent to £44.24 a week.
NORWICH UNION is again cutting payouts on maturing mortgage endowment policies, even though its main with-profits funds returned 17.7% before tax last year, says this morning's Guardian .
A number of Swedish institutional shareholders have rejected Old Mutual's bid offer for Skandia, citing too low a price and uncertainty over the level of benefits the proposed business model would bring.
BANKS WILL relax their grip on the first claim for collapsed companies' assets, says this morning's Times, in an attempt to ensure workers and pensioners do not lose their retirement savings.
Balanced pooled funds continue to claw back earlier losses with a 2% increase in the first quarter, representing the eighth consecutive positive return, according to investment services firm Russell/Mellon.
IT SEEMS THERE will be a running commentary in the national press over the Equitable Life court case for the rest of this year, as this morning's Daily Telegraph says the society has been accused of constantly changing its mind about the direction of...