Margin loans are frequently available to investors with smaller balances but tend to be more expensive and don't come with perks like the option to fix rates.
Big banks and asset managers will have to do a better job of keeping track of margin requirements and the available stock of eligible collateral they have.
But for all the changes on the margin, New Labour has not yet devised a strategy capable of matching the resources available for health care to the rising demand for it.
Our report on PFG, available here, has detailed appendices for you to see how we perform all calculations, including NOPAT, NOPAT margin, invested capital, economic earnings and discounted cash flows.