High take-up of worker auto enrolment scheme

Charterbridge

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High take-up of worker auto enrolment scheme

High take-up of worker auto enrolment scheme
Fewer than one in 10 workers have chosen to opt out of workplace pensions under the auto enrolment scheme, but experts have complained that the scheme is too new to be deemed a success, as only the largest companies have signed up so far.
The Guardian, p. 26
Also appeared in : City AM London, p.6, Independent i, p.48, The Times, p.42

Goldman to put majority stake in pension fund insurer up for sale
Goldman Sachs is planning to sell a majority stake in its London based specialist pensions business Rothesay Life.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 17

Boomer generation draws pension
According to ONS data, British baby boomers are becoming pensioners in record numbers. Despite increasing birth rates, the population is still ageing.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 2

Housing recovery gains momentum as buy-to-let lending rises to £5bn
The Council for Mortgage Lending has announced that buy-to-let lending reached £5bn in the second quarter of the year.
The Times, p. 39
Also appeared in : The Times, p.39, Evening Standard London, p.44, The Guardian, p.25, The Sun, p.42, The Guardian, p.1-24-25, Metro London, p.50, The Guardian, p.24-25, The Daily Telegraph Business, p.1, Daily Mirror, p.51, The Guardian, p.24, Financial Times, p.1

US starts criminal inquiry against JP Morgan over subprime sales
JP Morgan Chase has revealed that the US government is conducting both civil and criminal investigations into the way in which it sold certain mortgage-backed securities in the run-up to the financial crisis.
The Independent, p. 62
Also appeared in : International Herald Tribune, p.15, Independent i, p.51, Financial Times Companies and Markets, p.28

Bumper profits for Fannie Mae as house prices soar
A rise in US house prices doubled profits at Fannie Mae in the second quarter.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 18

Pressure raised over US loans
The Federal Housing Finance Agency has threatened to stop underwriting new home loans in cities that adopt a controversial scheme to reduce borrowers’ mortgage debt.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 6

Bank Governor pledges to learn from Japan
The Bank of England Governor has promised that he will heed the lessons of Japan’s long stagnation and would not withdraw stimulus from the UK economy too quickly.
The Independent, p. 62
Also appeared in : The Times, p.2, The Times, p.1, The Daily Telegraph Business, p.2, The Sun, p.42, The Sun, p.6, City AM London, p.12, Daily Mail, p.71, Financial Times, p.3, The Daily Telegraph, p.2, The Guardian, p.26, Daily Mirror, p.2, The Times, p.26, The Daily Telegraph Business, p.5, Daily Mail, p.73, Daily Mirror, p.10, Financial Times Companies and Markets, p.29, The Guardian, p.21, Financial Times Companies and Markets, p.19, International Herald Tribune, p.16, Financial Times, p.3, Independent i, p.49

Somerset chief fined for share manipulation
The FSA has fined Somerset Asset Management chief executive Tariq Carrimjee £89,004 and banned him from holding any regulated role in the financial industry.
The Daily Telegraph Business, p. 4
Also appeared in : The Times, p.43

‘London Whale to avoid charges over $6.2bn loss’
According to reports, Bruno Iksil the “London Whale” trader at the centre of JPMorgan’s largest-ever trading loss, will not face charges over the incident.
The Daily Telegraph Business, p. 3
Also appeared in : Financial Times, p.1

Outlook brightens for big lender in Germany
Commerzbank on Thursday ended a series of disappointing results as a pickup in its investment banking business and lower provisions for bad shipping loans took the sting out of a sharp decline in quarterly net profit.
International Herald Tribune, p. 13
Also appeared in : International Herald Tribune, p.1

Kuroda backs sales tax rise as BoJ holds course
The Bank of Japan reaffirmed its current monetary policy yesterday.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 4

Leading Chinese investment bank leans towards IPO
One of China’s top investment banks has reportedly taken a step towards going public.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 17

The above articles appeared on 09/08/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

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