Germany's ban on naked short-selling in European sovereign debt, as well as shares in its 10 largest financial institutions, has sent shockwaves through global markets today. Here, M&G's Stefan Issacs explains why the action appears to be largely symbolic...

Cutting back public sector pensions would lead to an almost immediate £8bn cost to the taxpayer, the Chartered Institute of Public Finance and Accountancy says.

UK - Cutting back public sector pensions would lead to an almost immediate £8bn (US$11.45bn) cost to the taxpayer, the Chartered Institute of Public Finance and Accountancy said.

European Union finance ministers have backed controversial new rules for hedge funds and private equity firms.

The computer contract for administering the National Employment Savings Trust - signed by the Labour government just months before they left office - will be re-examined, David Laws says.

US/UK - The trustee of the Visteon UK Pension Plan and the Pension Protection Fund are withdrawing a US$550m (£350m) claim against Visteon Corporation.

The trustee of the Visteon UK Pension Plan and the Pension Protection Fund are withdrawing a US$550m (£350m) claim against Visteon Corporation.

UK - British Telecom has reported a £2.8bn (US$4.1bn) increase in its net pension deficit on an IAS19 basis.

BT has reported a £2.8bn increase in its net pension deficit on an IAS19 basis.

Jonathan Stapleton speaks to Anthony Mayer and Mike Taylor of The London Pensions Fund Authority about their proposals for LGPS reform