Mind the gap: up to 12 million face pensions shortfall

Charterbridge

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Mind the gap: up to 12 million face pensions shortfall

Mind the gap: up to 12 million face pensions shortfall
Nearly a third of all British workers are heading for a substantial fall in their living standards when they retire – with the majority being medium to high earners, ministers have warned.
The Independent, p. 12

Risky loans are back as house market booms
Mortgage lending is up by almost one-third on the year, according to industry data out yesterday, as borrowers gain confidence and the market gathers pace.
City AM London, p. 9

Carney vows he will get tougher on high inflation
Mark Carney told MPs yesterday that inflation must be a priority for the Bank of England. Mr Carney also said he would be “vigilant” in making sure Britain’s booming housing market does not get out of control and cause another bust. And the governor warned unemployment may fall more slowly than markets expect because the downturn caused a big rise in the number of people out of work for a sustained period. After years of above-target inflation, Mark Carney told the Treasury Select Committee (TSC) he would “not take risks with inflation expectations.”
City AM London, p. 2

Carney fails to dispel air of confusion on forward guidance
Britain’s recovery is still in its early stages, Mark Carney announced yesterday.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 2

Draghi praises Latvia’s spending restraint and competitive wages
European Central Bank boss Mario Draghi said yesterday that pushing down wages and keeping pressure on government spending has kept Latvia competitive.
City AM London, p. 12

Ecobank founder urges chairman to stand down
Gervais Koffi Djondo, the honorary president and founder of Ecobank Transnational, has called on Kolapo Lawson to stand down as chairman amid continuing divisions over alleged mismanagement at the pan-African bank.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 18

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

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