Council workers caught in pension fund death spiral

Charterbridge

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Council workers caught in pension fund death spiral

Council workers caught in pension fund death spiral
A damning analysis for the Centre for Policy Studies reveals that some local authority pension funds are so poorly funded that they
are in a “death spiral”, raising questions about the retirement promises to millions of council workers.
The Times, p. 37

House prices soar between gap in supply and demand
Research from Sequence, the estate agency group, shows that the average house price rose by 3 per cent between September and
October to £209,923, a rise of £5,583 in one month alone.
The Times, p. 40

Buyers pay dearly for landlord tax breaks
According to research from the Intergenerational Foundation, taxpayers are providing £5 billion-worth of annual subsidies to
buy-to-let landlords who are blocking first-time buyers from getting a foot on the property ladder.
The Times, p. 38

RBS faces probe over ‘killing off’ small firms
Royal Bank of Scotland is to be investigated over allegations that viable companies have been forced out of business for the
taxpayer-backed lender’s profit.
The Daily Telegraph Business, p. 1
Also appeared in : Financial Times, p.1, The Guardian, p.23, The Independent, p.6-7, The Times, p.4, Independent i, p.5

Lloyds’TSB sell–off
Lloyds Bank is considering selling off up to a half of its holdings in 631 “Project Verde” branches which are being rebranded as
TSB.
The Daily Telegraph Business, p. 8

Co-op pair given £1.1m as scandal loomed
Philip Lee and Michael Fairbairn, senior executives at the Co-op Bank received more than £1m in pay-offs from the lender despite
leading key parts of the business responsible for its £1.5bn capital shortfall.
The Daily Telegraph Business, p. 1-5

The above articles appeared on 25/11/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

Charterbridge Private Financial Planning, Independent Financial Advice, Thornbury, Bristol.