Latest soundbites from across the Financial Services industry
Ppf 7800 Index Update
February 15, 2012, 10:05 amThe PPF 7800 Index has been updated to the end of January 2012 Highlights include The aggregate deficit of the 6 432 schemes in the PPF 7800 index is estimated to have decreased slightly over the month to pound 265 5 billion at the end of January 2012 from a deficit of pound 270 8 billion at the end of December The funding ratio increased from 78 9 per cent to 79 5 per cent Total assets were pound 1031 2 billion and total li…
Business Continuity Plans Reduce Insurance Premiums
February 15, 2012, 10:05 amBusiness Continuity Plans reduce insurance premiums and save businesses New research from the British Insurance Brokers 39 Association BIBA and the Cabinet Office has revealed that the business continuity plans are likely to stop businesses from failing after a major disruption such as a flood or fire The majority 96 of respondents with sufficient information on business continuity felt that having a business continuity plan in place would keep businesses trading or…
1 In 10 Will Delay Retirement In 2012
February 15, 2012, 10:05 amMore than ten per cent of people who had planned to retire during 2012 are making alternative arrangements and putting off drawing their pension for the time being according to the latest results from Prudential 39 s Class of 2012 research Now in its fifth year Prudential 39 s research focuses on the finances and aspirations of people planning to retire Of those deferring their retirement a third 32 per cent claim they do not want to retire yet while two thirds…
Volcker Rule Needs To Recognise Non us Regulated Funds
February 15, 2012, 10:05 amThe Investment Management Association IMA has submitted its response to the proposed Volcker Rule part of the US Dodd Frank legislation due to be implemented in July this year The main aim of the Volcker Rule is to prohibit US banks from engaging in proprietary trading while also owning private equity or hedge funds It seeks to achieve this by banning any banking entity from investing in lsquo covered funds 39 IMA has concerns that the current definition of lsquo covered…
Investment Update On Negative Uk Rating
February 15, 2012, 10:05 amOn the evening of 13 February credit ratings agency Moody 39 s moved the UK France and Austria to a negative outlook raising the prospect that these three countries could lose their top quot AAA quot credit rating status Moody 39 s cited the high risk of further shocks in the Eurozone and considerable uncertainty over the prospects for institutional reform in the Euro area as the primary reasons for moving all three countries to a negative outlook In relation to…
