UK: RISKS OF PRIVATE EQUITY OVERESTIMATED?

Article Abstract:

The risks associated with private equity in comparison with normal equity investments are hyped up by pension funds, according to a Mercury Asset Management report which claims that a further GB[pound] 25bn could be devoted to this area. The private equity investor's report is expected to fuel the debate begun by UK Prime Minister, Tony Blair, who is keen for fund managers to devote more to venture capital schemes. Private equity investment makes up a mere 0.5% of the GB[pound] 550bn of funds set aside by the UK pensions market for equity investment. The report estimates that 5% of funds could be earmarked by pension funds for investment in private equity, compared with the 3% that the larger funds normally invest.

Capital expenditures, Political activity

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UK: INVESTORS LOSS OUT ON PENSION POLICIES

Article Abstract:

The Personal Investment Authority has warned that around one third of all pension and endowment policies are not funded after the first four years. It is said that thousands of people are inadvertently losing money because they stop contributing towards their policies in the early years and do not realise the consequences. The cost of the first few years of a policy is mainly comprised of charges, and therefore people who fail to contribute after this time are left with nothing in their fund at all.

Product standards, safety, & recalls, Services information, Reports, Brief Article, United Kingdom. Personal Investment Authority

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UK: 25% OF WORKERS HAVE INADEQUATE SAVINGS

Article Abstract:

Around 25% of workers have inadequate savings to retire on, according to Abbey National. They have to rely on the basic state pension which stands at GB[pound] 67.50 a week for a single person. This amount will get eroded over time by inflation. The research was carried out prior to the Government's new stakeholder pension scheme that comes into force in April 2001.

Forecasts, trends, outlooks, Abbey National PLC

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