GLOBAL - Fund manager Lloyd George Management is tipping global equity markets to carry on climbing, despite fears about deflation or geopolitical "accidents".
The firm believes the US Federal Reserve’s move to keep the economy on track through interest rate cuts has worked, and that the economy is recovering. This, in turn, will boost Asia’s exports.
Chairman Robert Lloyd George added that the Bush administration was likely to produce more measures to try to boost both the US economy and stock markets due to the impending November 2004 presidential elections.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.