One in five adults has lost pension paperwork


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One in five adults has lost pension paperwork


One in five adults has lost pension paperwork
A new survey by Age UK shows that almost a quarter of adults have lost a pension pot. One in 10 people says the fact that they’ve moved jobs too many times has made it impossible to keep track of their pensions, while one in five admits to having lost their pension paperwork.
Independent i, p. 5

Millions are a pay check away from losing homes
More than eight million people are one payday away from not being able to pay for their mortgage or rent, according to alarming new figures published today.
Independent i, p. 5
Also appeared in : Independent i, p.2

Post a parcel, buy some stamps and, soon, open a current account
The Post Office is to launch a current account service within weeks. This launch comes as Tesco Bank prepares to offer its own current account within months and Nationwide Building Society and Santander scrap hard for new customers.
The Times, p. 41
Also appeared in : The Daily Telegraph Business, p.4, Financial Times, p.1, The Guardian, p.30

Downing St builds pressure on former HBOS directors
Pressure on former executives at HBOS to follow Sir James Crosby and give up generous pensions and honours is being stepped up as Coral yesterday reiterated its support for Andy Hornby.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 2
Also appeared in : Independent i, p.40, The Daily Telegraph Business, p.5, The Independent, p.50, The Times, p.39, The Times, p.40

Lawyers keep eye on Lloyds case
Business Editor’s Commentary on Royal Bank of Scotland and several of its former executives facing two lawsuits from investors who backed its £12 billion rescue rights issue in April 2008. Another case, centred on claims that Lloyds investors were not told of an emergency £25.4 billion Bank of England loan to HBOS in October 2008, is likely to be launched soon.
The Times, p. 43

Oversized European banks ‘pose serious risk’
IMF managing director Christine Lagarde warned yesterday that Europe needs to recapitalise, restructure or shut down its banks as part of a vital clean-up of the industry. She warned in a speech in New York that the threat from the world’s biggest lenders was “more dangerous than ever” and criticised the financial services industry for resisting urgent reform. In a separate speech in London, Andy Haldane, the Bank of England’s executive director for financial stability, called for simpler regulation for the sake of both financial stability and society.
The Daily Telegraph Business, p. 1
Also appeared in : Financial Times, p.1

‘No stomach’ for investigating bank auditors
The Financial Reporting Council shied away from a full-scale investigation into the auditing of Britain’s banks immediately after the financial crisis because they “did not have the stomach” for such a complex and costly exercise, according to a senior regulatory insider.
The Times, p. 41

Financial Conduct Authority targets exploitative tactics
Martin Wheatley, head of the Financial Conduct Authority, plans to draw on behavioural economics to identify and stop sales tactics that exploit investors’ fears and biases.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 22
Also appeared in : The Daily Telegraph Business, p.3

£300m lending boost for small firms
Small companies have been handed a £300m lending boost by the Government as the Business Secretary launched the first stage of the state Business Bank to ease constraints on credit starved entrepreneurs.
The Daily Telegraph Business, p. 5
Also appeared in : The Independent, p.53

Blankfein avoids vote, but Dimon must face music
Lloyd Blankfein has made a deal with investors to avoid a vote on his future as chairman of Goldman Sachs.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 17

Brussels lambasts France for leaving eurozone ‘vulnerable’
The European Commission singled out France for harsh criticism by warning that low competitiveness and high debt threaten the EU’s single currency. The commission yesterday published a report on the “macroeconomic imbalances” of 13 EU countries, including Britain, but used unprecedentedly strong language to criticise France in a stinging assessment that covered Francois Hollande’s first year as president.
The Daily Telegraph Business, p. 1
Also appeared in : The Times, p.42

Fears for Spain and Slovenia as EU demands urgent action on economies
The European Commission raised the red flag for Spain and Slovenia yesterday, warning that urgent action is needed to address imbalances threatening their economic stability.
The Independent, p. 51
Also appeared in : Independent i, p.43

Europe tries to toughen stance on tax havens
Buffeted by a political scandal, a stagnant economy and angry public reaction to a report about secret offshore bank accounts, President François Hollande of France announced the creation of a special prosecutor Wednesday to pursue cases of corruption and tax fraud and vowed to eradicate tax havens ”in Europe and the world.
International Herald Tribune, p. 1-17
Also appeared in : Independent i, p.2, The Independent, p.33

Luxembourg ‘not caving in’ as it agrees to share information on bank accounts
Luxembourg’s highly secretive banking system will be forced to share information with the rest of the EU following growing pressure, led by the UK and Germany, to clamp down on people who use accounts at private banks to avoid paying tax.
The Independent, p. 50
Also appeared in : Independent i, p.40, The Times, p.40

Tullett boss gave price-fix warning
The boss of inter-dealer broker Tullett Prebon warned the body which oversees a key benchmark used to set trillions of dollars of derivatives that the system was vulnerable to price-fixing two years ago.
The Daily Telegraph Business, p. 1

HBOS heat turned on City regulator
The former head of accountants KPMG, John Griffith-Jones, has been dragged into the HBOS furore as questions are asked about his suitability to head the City’s new regulator given the auditor’s role at the failed bank.
The Guardian, p. 30

Banks in Portugal need an additional €8 billion in capital, based on conservative tests of their financial health, Moody’s Investors Service said Wednesday.
International Herald Tribune, p. 17

The above articles appeared on 11/04/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

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