UK - Newcastle Building Society has introduced a Capital Safe Bond that offers a 100% return on capital, even if the market falls.
The firm claims the bonds – which are designed for self-invested personal pensions and small self-administered schemes – will produce 85% of the average growth of the FTSE100, Dow Jones EuroSTOXX 50, Standard & Poor’s 500 and the Nikkei indices over a five-year term.
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.