Happy 125th birthday for all and bonds overtake equities.

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Happy 125th birthday for all and bonds overtake equities.

Another 300 bank holidays? It would be the death of me

Max Davidson comments on the decision of British Insurers to model their pension products on the assumption that customers could live to 125.

The Daily Telegraph,  p. 30

Bonds overtake equities in pension funds for the first time since 1950s

Leading City fund managers say that UK pension funds are holding more bonds than equities for the first time since the so-called “cult of equity” in the 1950s.

This abstract from the Financial Times was produced by Kantar Media

Financial Times,  p. 1

Draghi cedes to Berlin fears on banking union

Mario Draghi, president of the European Central Bank, said yesterday that European banks should be spared from having to pool their deposit guarantee schemes.

This abstract from the Financial Times was produced by Kantar Media

Financial Times,  p. 10

UK economy chief: Bank safety plans not enough

The man in charge of Britain’s financial stability has warned MPs that current plans to make banks safer don’t go far enough and said they may need to be threatened with compulsory break up to force their compliance.

Independent i,  p. 46

Break-up threat ‘will make banks follow Vickers’

Banks should be broken up by law if they fail to implement the Government’s ring-fencing plans properly, under according to the Bank of England’s financial stability director, Andy Haldane.

The Daily Telegraph Business,  p. 1-5

Call to lift interest rates

The Bank of England’s Monetary Policy Committee should pre-announce a medium-term strategy for returning record low interest rates back to normal levels, Andrew Sentance, a former MPC member and now senior economic adviser at PwC, is urging.

The Times,  p. 43

The above articles appeared on 08\11\12 reproduced with the kind permission of Kantar Media UK . All rights reserved.