Gender equality goes to pot when saving for a pension

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Gender equality goes to pot when saving for a pension

Gender equality goes to pot when saving for a pension
Research by Scottish Widows has found that only 40 per cent of women are saving adequately for life after they stop work, compared with 49 per cent of men.
The Times, p. 45
Also appeared in : The Guardian, p.30, The Daily Telegraph, p.12

Ferrovial cuts stake in Heathrow Airport
Ferrovial has reduced its stake in Heathrow after agreeing to sell an 8.65% stake to UK pension fund the Universities Superannuation Scheme, for £392m. Meanwhile, a third runway will “never” be built at Heathrow as politicians will always put their election campaigns over national interests, Willie Walsh has said.
The Daily Telegraph Business, p. 3

Co-op bank restructure is a ‘tragedy’ says Marks
Appearing in front of the Treasury select committee, the Co-operative Group’s former CEO has warned that a restructuring of the mutual’s banking business would destroy its ethical values.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 15
Also appeared in : The Daily Telegraph Business, p.1, The Guardian, p.25, The Independent, p.50, The Times, p.41, The Times, p.41, The Independent, p.10-11

Public float is next step for ambitious banking minnow
Metro Bank is considering listing on the stock market to help to fund its drive to be a new force in high street banking. The bank may yet decide to raise capital from its existing investors, which include Steve Cohen, the hedge fund entrepreneur, and the Reuben brothers, the billionaire investors. The suggestions for the listing were first mentioned on Sky News.
The Times, p. 46
Also appeared in : The Daily Telegraph Business, p.4, The Independent, p.53, The Times, p.42, The Times, p.41

HSBC moves to compensate swap mis-selling victims
HSBC has agreed to make early payments to small business victims of interest-rate swap mis-selling in a move that is likely to put pressure on rival banks to follow suit.
The Daily Telegraph Business, p. 3

Deadline rumours lift PPI claims
Britain’s banks are working through a spike in payment protection insurance complaints sent by customers worried that the industry will impose a deadline on future claims.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 20
Also appeared in : The Times, p.47

EMs rebuild forex reserves
It is reported that developing country central banks have rebuilt foreign exchange reserves that were depleted defending their currencies earlier in the year.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 8

ECB unveils checks in step to banking union
A year before it takes over responsibility as the eurozone’s top banking supervisor, the ECB will outline its planned health checks on eurozone banks today.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 4

Rabobank faces second-¬biggest fine of $1bn amid Libor scandal
Rabobank is set to face a fine of almost $1bn for the alleged manipulation of Libor and other benchmark interbank lending rates as early as next week.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 1

Bank Governor brings in consultants to look at cutting costs
Bank of England Governor Mark Carney has called in a team from McKinsey to to review the strategy of the Bank and look at cost-cutting measures at the institution.
The Daily Telegraph Business, p. 4
Also appeared in : The Guardian, p.24, The Times, p.41

Chancellor to hit budget target as revenue rises
Economists have said that George Osborne is on track to meet his budget goal for this year. Data from the Office for National Statistics have shown that public borrowing fell slightly more than expected in September, while tax revenues picked up.
The Guardian, p. 30
Also appeared in : The Times, p.43

Goldman reduces the stakes to ease a regulatory burden
Goldman Sachs has offloaded a majority stake in Rothesay Life, the specialist pensions insurer that it built from scratch six years ago and turned into a £12 billion business. The bank will remain Rothesay’s single largest shareholder.
The Times, p. 46

The above articles appeared on 23/10/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

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