NAPF and WCIF launch £300m VAT test case
THE National Association of Pension Funds and the Wheels Common Investment Fund are set to bring a test case against HM Revenue and Customs to recover £300m of VAT.
The move follows a European Court of Justice ruling last year that investment trusts should be exempt from paying value added tax on the fees charged to them by third parties for the management of its...
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Webinar: Managing cashflows in challenging times
Professional Pensions' latest webinar - held in conjuction with Aon, BlackRock and Schroders - looks at the specific cashflow challenges schemes have been facing during the disruption and market volatility caused by Covid-19; explore how different schemes...
Market Movers Blog: Italy's service sector contracts at record rate; Irish unemployment predicted to reach 25%
In this live blog, Professional Pensions' sister title Investment Week collates all the breaking market news, analysis and opinion on equity, bond and currency movements as well as the impact of trade wars, tightening monetary policy and the Brexit negotiations....
UK gilt funds lone positive performers in 'horror show' March
Investment Association (IA) UK gilt funds were the only fund sector to deliver positive returns in a "horror show" March, which saw the ongoing impact of the coronavirus pandemic decimate the performance of most IA-registered vehicles.
LGPS Central launches global bond fund
A £1.2bn global investment-grade corporate bond fund has been launched by LGPS Central with four initial investors.
Coronavirus investment considerations for pension schemes
Susannah Young looks at how pension schemes should be reacting to impact of the coronavirus crisis on investment-related considerations and discusses steps trustees can take.
