Blue-chip companies’ pension funds have nosedived from a surplus position
into a £25bn deficit as a result of the current stock market crisis.
The UK’s top 200 companies have taken a battering because 57% of their assets
are held in shares.
Bond yields have offset the stock market freefall, and pension fund trustees
are shifting more of their assets from equities into the lower risk area.
Actuaries Lane Clark and Peacock calculated that £15bn has been moved from
equities to bonds.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states