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The Herald
The Wrong Target Companies That Are Cutting Staff Pensions Could Be Making a Big Mistake
IT is almost as if the actuarial profession has decided, in recent weeks, to prove once and for all that its members' reputed lack of imagination is a myth. Just when it had appeared there were two mainstream options for solvent companies' pension arrangements - keep final salary scheme open to new members or do not and offer a generally inferior money purchase plan to joiners - there appeared a raft of other ways to cut provision. What we have seen in recent weeks has really been the second ...
British investors seeking a place in the sun are pouring fresh funds into upmarket properties on the Costa del Sol and the new wave of money is revitalising the area around Marbella, the seaside resort famous as the playground of the jetset in the 1970s. The former Spanish fishing village which grew into a hot holiday destination frequented by the late King Fahd of Saudi Arabia, Sean Connery and Antonio Banderas, remains a magnet for Brits seeking second homes as an investment and just for fun.
Estimates suggest that 25-per cent of Europe's renewable energy potential is in Scotland so we could be a genuine world leader in this field. Not only do we have the ideal environment for generating wind, wave and tidal power but Scottish companies are blazing a trail by creating the technology to harness these natural resources. In the last few months I have witnessed first-hand some fantastic projects and innovations. I recently formally opened the Black Law Wind farm, the largest operating...
After a rather lacklustre few years in the executive car market, 2006 promises to deliver a raft of exciting new models. From sports cars to 4x4s, as well as traditional luxury cruisers, there is much to look forward to. From the British manufacturers' perspective there are two important launches. The new Jaguar XK is more aggressively styled than anything else in the range and shows the way forward for the marque. A supercharged XKR will join the fray in the winter. Over at Land Rover they a...
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