The UK could be facing 'the most serious financial crisis' ever seen, the governor of the Bank of England has warned after unveiling a surprise move to pump £75 billion into the ailing economy... more
The Budget speech on Wednesday was billed as a "Budget for Growth" - a prescription to help business expand and build a prosperous future for Britain... more
The ink is barely dry on the code of conduct issued last week by the Financial Reporting Council, which built on work by the Institute of Chartered Secretaries to guide boards in how they might exercise control to stop chief executives becoming dominant in decision making, controlling discussions and taking decisions... more
Will Tesco be the final nail in HMV's coffin? I ask because of the news that Europe's largest retailer is now asking record companies to deliver their albums to it on a sale-or-return basis. This is a radical shift in an industry which had been able to bank on getting the lion's share of its physical sales revenues up front from wholesalers... more
Company directors have amassed pension pots worth an average of £3.8 million, showing the level of 'greed' in Britain's boardrooms, according to a report... more
BP is deciding whether to cut or defer its second-quarter dividend, boss Tony Hayward says, as public anger grows over its handling of the Gulf of Mexico oil spill... more
Final salary council pension schemes are unaffordable without 'real and radical action', London’s leading local authority pension fund boss warns... more
City Comment: One of the Government’s great failures of the past 10 years is that it did not step in to save company pensions, but cutting public sector pensions now will make little difference... more
City minister Lord Myners today made his most aggressive attack yet on the managers of Britain’s institutional shareholders for their failure to take action against the excessive pay of bankers... more
Barclays today closed its final salary pension scheme to all members telling its 18,000 active participants that from December they will move into a less expensive and less rewarding money purchase scheme ... more
After two years in which the market value of the banking sector as measured by the FTSE 100 index has gone from £325 billion to £35 billion, it is surprising how rarely people ask what the institutional shareholders were doing when the bank managements were setting off down the path to destruction... more
Scandal: Aon, the London offshoot of the world’s biggest insurance company, has been fined £5.2 million for failures in preventing bribery and corruption, after it was found to have made suspicious payments worth millions of pounds... more
It has been the singular achievement of this Government to take the best private-sector occupational pension provision in Europe and, by a mixture of short sightedness and misplaced intervention, virtually to destroy it... more
More related topics: National Association of Pension Funds and
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
Tonight:
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