Royal Mail's pension scheme 'bets' £5bn on financial products
Royal Mail has been likened to a "hedge fund that happens to deliver letters" after its pension scheme invested in complex financial products. telegraph.co.uk |
Ros Altmann: 'Most people will be unable to afford a traditional retirement'
Will the new Coalition rise to the challenge of overcoming our pensions crisis? I certainly hope so, for all our sakes, writes Ros Altmann. telegraph.co.uk |
Bank levy raises worries over 'double taxation'
Banks face being taxed twice on their balance sheets in the first year of the Government's new £2.5bn levy with Britain unlikely to reach an agreement with other countries on the issue of double taxation before the measure is introduced next year. telegraph.co.uk |
Pound forecast to tumble on 'insane' spending cuts
The pound is set to tumble, a leading currency trader has predicted, because of "absolutely insane" spending cuts. telegraph.co.uk |
Deutsche Bank swings to 3rd-quarter loss
Deutsche Bank AG swings to a third-quarter net loss, as it books a substantial charge tied to its investment in Deutsche Postbank AG. The loss, however, is smaller than feared as investment banking sees late pickup in activity. feeds.marketwatch.com |