Stay up do date with relevant news and announcements related to pension, New Zealand superannuation regulation, overseas pension transfer and the Ranfurly Superannuation Scheme.
Following numerous bids by the U.K. Prime Minister Boris Johnson to call a snap election, the deadlock has finally been broken. MP’s voted 438-20 in favour of the general election and the date has been set for 12 December. This near-unanimous support for the general election following three prior failed bids comes after the second Brexit deadline of 31 October passing with no deal yet in place between the European Union and the U.K.
Read MoreThe Ethical Finance 2019 Summit is being held in Edinburgh and is being attended by over 200 leading finance experts, institutions, government officials and business representatives from around the world. Amongst those attending include Scotland's First Minister Nicola Sturgeon and the Archbishop of Canterbury and Baillie Gifford, who is the underlying fund manager of the Ranfurly Superannuation Scheme.
Read MoreWith on-going uncertainty surrounding Brexit, the talks of dramatic policy changes under the new Government, being aware of the potential impacts Brexit could have on your UK-based pension may help you get and remain ahead with your pension. Prime Minister Boris Johnson has signalled that Britain will leave the EU by the October 31 extended deadline with or without a deal if no agreement has been reached.
Read MoreThe UK Parliament will hold a second day of indicative votes today where different Brexit options will be explored. This comes after the UK Parliament rejected the withdrawal agreement on March 29th, following two previous rejections of the entire deal. A power vacuum is being created in the government and if this instability continues in the following years, it could result in a change in government following the next general election in May 2022 or even sooner.
Read MoreFundCalibre, an independent fund research ratings agency, released their annual index which determines the top asset managers that have consistently outperformed over the past five years.
They announced that, Baillie Gifford placed third in their index, following Morgan Stanley and Man GLG. FundCalibre noted that Baillie Gifford and T. Rowe Price have been among the top ten companies in each of the five annual surveys and both firms have outperformed over "almost a decade" despite having larger product offerings, and "maintaining such a level of consistency… is extremely impressive".
Read MoreFor many of those with their pensions tied up in UK schemes and looking to get out, the looming threat of a no-deal Brexit, may mean being even more proactive in planning your future in retirement.
Read MoreFinancial News revealed the winners of their 17th annual Asset Management Awards Europe. The awards were to celebrate the successes and innovation in the institutional sector in 2018.
Bailie Gifford, for the second year in a row, took out the coveted Equity Manager of the Year award. Under its management, Baillie Gifford’s funds grew by 12% to £177.6bn during 2018.
A recent report by the UK Financial Conduct Authority (FCA) found that 47% of advice on defined benefit to defined contribution pension schemes was 'unsuitable’. Following this, the FCA has introduced new rules and guidelines for pension transfer specialists and consultants.
Read MoreThe Law Commission has recently proposed a programme of reforms that would allow Britain to remain competitive globally in the increasingly likely event that Britain will leave the European Union. One area of focus has been the integration of electronic signatures in the signing of documents.
Read MoreWith Brexit negotiations having resumed in the past few weeks, fears of a ‘hard exit’ have ignited. A ‘hard’ Brexit is the option favoured by those strongly supporting Brexit. Likely resulting in the UK giving up full access to the single market and significantly tightening immigration.
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