EUROPE/UK - Investors are "uncertain and confused" by the way the UK equities market is recovering from the downturn, research from Commerzbank Securities shows.
The securities and brokerage firm said investors had been expecting a “normal cycle” of recovery – one that is led by investment and employment.
But Commerzbank says that as the downturn had not been typical, institutional investors should look at other indicators – such as manufacturing growth and profit levels – to judge the strength of recovery.
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.