Pension firms to be forced to disclose all fees

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Pension firms to be forced to disclose all fees

Pensions & Life Assurance

Pension firms to be forced to disclose all fees
The Office of Fair Trading has announced it has identified 18 separate transaction costs in relation to the pensions industry which the government may force the companies to reveal.
The Daily Telegraph, p. 2
Also appeared in : The Times, p.1-2

Affordable housing draws big investors
Madison Marriage writes that pension funds are increasingly seeing social housing as a good source of returns.
This abstract from the Financial Times was produced by Kantar Media
Financial Times FT fm, p. 10

Retail Banking

First London – next the rest of the UK
Interview with Metro Bank founder Tim Wallace.
City AM London, p. 12

Round Up

RBS looks to copy Lloyds success as a UK retail and business bank
RBS is preparing to sack up to 30,000 workers in the coming years as it cuts down its investment banking arm even more radically, and focuses on UK retail banking.
City AM London, p. 6
Also appeared in : Financial Times Companies and Markets, p.26, The Daily Telegraph Business, p.7, International New York Times, p.20

HSBC payouts to reopen bonus cap row
Britain’s biggest bank, HSBC, is expected to reignite the debate over the European Union bonus cap today by revealing that its top bankers – including chief executive Stuart Gulliver – are to be awarded share payouts to compensate for any potential reduction in income caused by the EU’s new rules.
The Guardian, p. 21
Also appeared in : The Daily Telegraph Business, p.1, City AM London, p.7

Markets await euro zone inflation data
Euro zone inflation figures to be released Friday will be firmly in the sights of financial markets eager to establish whether the European Central Bank has enough ammunition to quickly ease monetary policy.
International New York Times, p. 19
Also appeared in : International New York Times, p.20, International New York Times, p.1

Banks must keep to rules on liquidity, says Carney
Mark Carney of the Bank of England warned last night that banks have to stop refusing to follow new international rules on capital and liquidity. At the G20 meeting in Sydney, the Governor Carney rejected claims that some potential new rules were so stringent that they could trigger a surge in shadow banking and risk the beginnings of a new crisis.
The Times, p. 35

UK companies using alternative lenders spikes in fourth quarter
Companies in the UK and Europe are increasingly securing debt from alternative lenders, as they look for greater flexibility than traditional bank loans, according to Deloitte research.
City AM London, p. 7

L&G challenge to bank lending
Legal & General has unveiled plans to launch a business lending operation.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 17

Deutsche Bank to cut US assets
Deutsche Bank has for the first time laid out its plans to slash its US balance sheet.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 19

City pays high salaries to lure young professionals
Young professionals are in high demand in the City for the first time since the financial crisis and their pay reflects the need for investment banks, law firms and accountants to boost their junior staff ranks.
The Times, p. 37

Danish pension fund chooses infrastructure
Denmark’s ATP, one of Europe’s leading pension funds, has sold DKr20bn (£2.2bn) of German bonds and interest rate swaps.
This abstract from the Financial Times was produced by Kantar Media
Financial Times FT fm, p. 2

The above articles appeared on 24.02.2014. Reproduced with the kind permission of Kantar Media UK. All rights reserved.

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