Breaking News
Breaking News
Britain warned of economy downgrade
Independent: Chancellor George Osborne was issued a pre-Budget warning by an influential credit rating agency last night as it issued a “negative” outlook on the prospects of the UK economy retaining its AAA rating.
New pensions scandal is imminent unless MPs’ retirement fund is reformed
Telegraph: The Chancellor should use his Budget next week to avoid the next pensions scandal hitting millions of poor people – or, failing that, ensure MPs gold-plated retirement fund is calculated on the same basis.
George Osborne's 100-year bonds get short shrift from pension funds
Guardian: Pension funds are the the most likely investors in such long-term assets but they were among the first to dismiss the idea.
New EU rules wreck pensions
Express: Pension savers are facing a double whammy of pain because of new European Union rules, one of Britain’s top insurers warned yesterday.
UKFI: RBS and Lloyds might have to be sold at a loss
Guardian: Treasury select committee extracted the assertion by the members of UK Financial Investments that shares in Royal Bank of Scotland and Lloyds might need to be sold off at a loss.
City set for a shake-up – but will it work?
Independent: The financial services industry faces major changes in how it is policed. James Moore looks at what effect they are likely to have.
AJ Bell warning on plan to cut pension tax relief
FTAdviser:Chancellor George Osborne will go down in history as the “architect of the demise of pensions” if he cuts higher-rate tax relief, AJ Bell has warned.
65% of Brits still rely on the state pension
IFAonline: Two thirds of Brits still plan to rely on the state pension to fund their retirement, according to research released today.
Shaken but not stirred: the emerging market managers' view
Citywire: The iconic American movie Gone With the Wind ends with Scarlett O’Hara defiantly declaring ‘tomorrow is another day’, after the complications of an ill-starred love triangle leave her abandoned.
Stunned Goldman is forced to fight for its reputation
City A.M.Notoriously private investment bank Goldman Sachs was last night forced to make public an internal email reassuring its 30,000 employees, after a tumultuous day saw a disgruntled ex-employee write a scathing attack on the firm in the New York Times newspaper, after he had resigned.
Five investment myths dispelled
UK BUDGET 2012: What to expect from George Osborne's speech next week
Tesco becomes first major firm to move pension age from 65 to 67
George Osborne budget plan could mean never having to pay his debts
FSA highlights drawdown misselling risks
Don’t touch our pensions, Osborne told
Passive gets active as major index providers unite
Wall Street hits post-crisis high on eurozone and US optimism
Pension scheme deficit falls 16% in February
The decisions that saved fund managers in 2008 and 2011
Our Views
David Prosser: More action needed on annuities
ABI’s annuity code represents real progress, but more is needed to help savers
Pension funds' waning influence laid bare
Kay Review finds funds are no longer the power in the land they once were, writes David Prosser
Let NEST be NEST
Restrictions will seriously undermine NEST and should be removed “as a matter of urgency” says WPC
Consultants' broadening remits
Advisers and service providers to the pension fund market are increasingly fishing in each others’ ponds
Not all men and women are created equal
The thorny issue of finally resolving Guaranteed Minimum Pensions equalisation has been proposed by government, at just the wrong time
EXCLUSIVE: Wedgwood pension fund debt
Could the Wedgwood Museum have avoided the pitfalls of last man standing legislation, asks Luke Clancy?
War against indexation
Steve Webb MP’s idea to scrap the need for inflation-proofed pensions should not be underestimated by interest groups
Playing to the gallery
Proposals to give schemes greater powers on executive pay are laudable but must be practically and effectively implemented
The death knell at Shell
Auto-enrolment and Solvency II are likely to have impacted on Shell’s decision to close its final salary scheme
See you in court?
A group of institutional investors suing over funds lost on infrastructure projects does not boost the government’s case for pension schemes investing in essential UK infrastructure
The Euro veto
Cameron’s use of the UK’s veto in Europe was a sideshow which detracted from the real problems afflicting the Eurozone
