Retirement | 16 Sep 14
Retirees plan 3bn spending spree next April
An additional £3bn is expected to be spent by retirees on luxuries such as cars and holidays in the three months after April next year when the Budget pension changes come into effect.
Source launches new ETF to track Japan index
The latest product to emerge from the pipeline of exchange traded product provider Source aims to provide exposure to Japan’s stock market.
Threadneedle launches Global Multi Asset Income
In response to government pension reforms, Threadneedle has launched a new fund lead by fund manager Toby Nangle.
Julius Baer contests claims over missing
Swiss banking group Julius Baer is contesting an order to pay the German government more than 80m, after a bank it now owns was found responsible for money which went missing illegally during the reunification of East and West Germany.
CITIC and former directors facing legal action
State-owned Chinese conglomerate CITIC and five of its former directors are facing legal action from the Hong Kong authorities which allege they provided false or misleading information when the firm incurred “massive losses” in 2008.