‘Ridiculous’: Torsten Bell under fire over pension schemes bill Investing London’s pension industry is in uproar over government proposals to keep what is known as ‘backstop power’ over the precise level of investment from funds in specific UK assets. Torsten Bell, the pensions minister, has become the focus of anger at Whitehall’s attempts to exert a degree of control over where some of the biggest [...]
Government urged to amend the Pension Schemes Bill The Association of Investment Companies, (AIC) has voiced its frustration at the incoming Pension Schemes Bill failing to include investment companies. The bill aims to strengthen pension investment by giving government powers to push schemes to invest a percentage of their portfolio in private assets. However, in the drafted legislation which is passing through the [...]
Why Lab-grown meat is a win for the UK’s investment industry Investment With news today that the UK has become the first European country to approve the use of lab-grown meat, the investment industry should be taking this as a win.
Investors continue to buy Scottish Mortgage in bet on growth July 16, 2024 UK investors continue to be drawn to growth-focused investment trusts like Scottish Mortgage and JP Morgan Global Income & Growth.
Investment trust industry urges Labour to win ‘early success’ on cost disclosure rules July 8, 2024 The investment trust sector has called for the incoming Labour government to scrap "misleading" cost disclosure rules on the sector that it says are hampering its performance.