If you're a typical Master Investor reader there's every chance that at some stage you've been a member of a Final Salary Pension Scheme with a former employer. Or maybe you're still in the job. Whatever the case may be, it's likely the scheme doesn't take any payments from staff anymore or allow new employees to join. So what? I hear you ask.
Well unless you've been living in a cave for the last few years, you will have noticed that these "antique" group savings schemes are allegedly in trouble, thanks to a long history of poorly thought-out legal changes and years of mismanagement. And that's just for starters.
As if that wasn't bad enough, the previous Chancellor of the Exchequer, George Osborne, faced with a shortage of tax revenues, decided folks sitting in pension plans worried about retirement income were an easy target…
by Nick Sudbury| Funds| 2 mins. to read Technology is transforming the world and changing the way we do things. Until a few years ago developments like robotics, artificial intelligence and virtual reality were rarely to be found outside of science fiction, but many of them are now part of our everyday lives.
by Victor Hill| Equities| 10 mins. to read Oxford BioMedica may have a cure for leukaemia. Its share price has soared since the last week of June. Its treatment uses a modified version of the HIV virus to insert a cancer-killing gene into patients' cells. This is a stunning example of how gene therapy will revolutionise medicine in the future.
Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such decision.
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