Fees on former employees' pensions may be slashed

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Fees on former employees’ pensions may be slashed

Fees on former employees’ pensions may be slashed
A crackdown on a little-known practice that can wipe out 25 per cent of a person’s retirement income was announced by ministers yesterday, alongside details of a proposed cap on pension fund charges.
The Times, p. 47
Also appeared in : The Times, p.45, The Times, p.46

UK house prices could rise 10 per cent next year on easy money
House prices across Britain could rise by more than 10 per cent next year as the economy recovers and banks ramp up mortgage lending, analysts at UBS Wealth Management predicted yesterday.
City AM London, p. 9

Forex investigation casts cloud over Barclays profit
Barclays has been drawn into the global inquiry into the potential rigging of currency rates. The bank said that it was co-operating with the inquiries, which had come from the Financial Conduct Authority, the Swiss Financial Market Supervisory Authority and the US Department of Justice.
The Times, p. 47
Also appeared in : City AM London, p.3, The Guardian, p.28, City AM London, p.3, The Guardian, p.30, Financial Times, p.14, The Daily Telegraph Business, p.2, Independent i, p.46, Financial Times Companies and Markets, p.21, Financial Times Companies and Markets, p.21, The Independent, p.51, Metro London, p.59, Independent i, p.47

Fed sticks with stimulus level as US deficit eases
The US Federal Reserve revealed a relatively bearish outlook over the country’s economy last night as it confirmed that it would stick to its massive $85bn (£53bn) a month stimulus programme.
City AM London, p. 2
Also appeared in : The Independent, p.53, Financial Times, p.1, The Daily Telegraph Business, p.1, The Daily Telegraph Business, p.3, Independent i, p.47

Sharia banking ‘can capitalise on Western scandals’
Paul Fisher, the executive director at the Bank of England, has forecast that Islamic finance will expand amid a growing interest in ethical investing.
The Times, p. 46
Also appeared in : The Times, p.45

JP Morgan’s top currency dealer on leave
JP Morgan has put its chief currency dealer in London on leave, it emerged yesterday, amid an investigation into alleged currency market manipulation.
City AM London, p. 3

Clydesdale and Yorkshire Bank reverse losses
Clydesdale and Yorkshire Bank owner National Australia Bank (NAB) reported pre-tax profits of £127m for the two banks during the year ending 30 September, up from a loss of £183m last year.
City AM London, p. 4

Britain leads EU recovery after funding scheme boost
Britain is leading the economic recovery in Europe, amid looser funding conditions and a flurry of private investment that has boosted confidence, according to a survey by the Association of Chartered Certified Accountants.
The Daily Telegraph Business, p. 5

Chinese banks hit by bad loans
China’s state banks reported healthy profit growth in the third quarter, but big increases in loan impairments and decreases in their cushions to absorb losses pointed to accumulating stresses.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 19

Corporate access reform puts small groups at risk
The Financial Conduct Authority is planning to overhaul the way fund managers spend their clients’ cash on research.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 3

Health check and rates creep leave ECB in a dilemma
Michael Steen looks at the European Central Bank’s dilemma over the potential need to extend long-term liquidity to banks.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 6

Confidence is returning, but what happens when things get too hot?
Hamish McRae writes that there was a report yesterday by the Association of Chartered Certified Accountants saying that optimism in UK business was at a 4-year high, while Lloyds Bank said its business confidence barometer was the highest it had ever been since the series began in 2002.
The Independent, p. 55

Electronic exchanges shake up swap trading
Following the financial crisis, big banks face a similar decision in the lucrative derivatives market.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 30

The above articles appeared on 31/10/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

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