A new flexible friend

November 9th, 2011

Withdrawing as little or as much income from your pension fund as you wish

Generating a retirement income has now become even more flexible. From 6 April, new rules were introduced to replace the previous pension drawdown arrangement which have now provided investors with greater flexibility and control over their pension options when they retire. Read the rest of this entry »

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The new kid on the block

November 9th, 2011

Pooling your money with thousands of other people

British collective investment funds that pool money from lots of investors go back to 1868. The first funds were investment companies – listed companies that offer shares to investors and then buy shares in other companies with the monies they collect in. Just like fully functioning companies, investment companies have boards of directors to oversee the managers’ efforts, shareholders with voting rights, and reports and accounts. Read the rest of this entry »

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