UK - Demand for residential property will fall during 2004 due to high levels of consumer debt, global real estate services firm, Jones Lang LaSalle, forecasts.
The firm – which owns property fund manager LaSalle Investment Management – believes that first-time buyers will continue to shy away from the market as affordability pressures bite, leading to a reduction in overall demand as their absence filters through the market.
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.