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Bill Galvin is group chief executive of the Universities Superannuation Scheme The judiciary’s decision to grant the appeal against the building of a third runway at Heathrow, announced earlier this week, was disappointing to say the least. But we, as the largest private pension scheme in the UK and a major investor in the airport, … Read more
JEFF PRESTRIDGE: Hold your nerve even as markets head south By Jeff Prestridge for The Mail on Sunday Published: 22:10 GMT, 29 February 2020 | Updated: 23:04 GMT, 29 February 2020 Let’s not beat around the bush. Stock markets are in freefall, and if the doomsters are to be believed, there could be worse to … Read more
HAMISH MCRAE: The coronavirus is a tough test for the global economy… but we’re resilient By Hamish Mcrae For The Mail On Sunday Published: 22:16 GMT, 29 February 2020 | Updated: 22:16 GMT, 29 February 2020 Bang. Something had to trigger the next global economic downturn, but we did not know what it would be. … Read more
Amid the carnage on world markets caused by fears surrounding the coronavirus health catastrophe, not all shares were deeply in the red. On a day when the FTSE 100 dropped 3.2 per cent and shares of Willie Walsh’s International Airlines Group plummeted 8.4 per cent, stock in Britain’s aircraft engine maker Rolls-Royce was the great … Read more
For the generation which might have forgotten – or even never known – what a stock market correction looks like, now is the time to learn. Fears of the corroding damage which coronavirus is having on the world economy have spread dramatically, delivering the worst week for share prices across the globe since the peak … Read more
SIMON LAMBERT: Will the Chancellor be brave enough to get rid of Britain’s 60p tax rate? By Simon Lambert for Thisismoney.co.uk Published: 06:00 GMT, 27 February 2020 | Updated: 06:00 GMT, 27 February 2020 It’s high time that Britain got rid of its 60p tax rate, but will the new Chancellor be brave enough? The … Read more
The activist demand that the Prudential sell its American arm Jackson Life was a bit of a shock. But the idea will be familiar to the Pru board, chaired by City grandee Paul Manduca. As part of a continuing strategic review, the future of America’s top annuity insurer Jackson Life has been under discussion for … Read more
Markets were still reeling yesterday following the turmoil on Monday due to fears over coronavirus, and we are not out of the woods, either in terms of the health crisis or as investors. No one, not even the world’s leading epidemiologists, knows how this is going to unravel. What we do know is that coronavirus … Read more
BEN WILKINSON: Freedom can be costly when it comes to pensions so always think long-term By Ben Wilkinson for the Daily Mail Published: 22:18 GMT, 25 February 2020 | Updated: 22:18 GMT, 25 February 2020 The five-year anniversary of the pension freedoms comes with a blunt warning: savers are pulling their cash out at an … Read more
ALEX BRUMMER: Keep the Pru in the City at this crucial time for post-Brexit Britain By Alex Brummer for the Daily Mail Published: 21:50 GMT, 24 February 2020 | Updated: 21:50 GMT, 24 February 2020 Barely six months have passed since the Prudential split off its high-flying international operations from its UK fund management and … Read more