JAPAN - The Japanese equity market is showing signs of economic recovery after outperforming its global peers last month, according to one fund manager.
Gartmore Investment Managers says economists are predicting positive growth for Japan’s first quarter GDP (Gross Domestic Product) due to a recovery in industrial production and exports.
Gartmore Japan Focus fund manager Nick Reid said hopes for the Japanese banking sector – which has been ridden with bad-debts – have also become more positive.
He explained: “The rising equity market could lead to a virtuous circle, as it boosts the value of the banks’ equity holdings and therefore, their share prices which in turn provide more support to the equity market.”
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.