KAZAKHSTAN - Kazakhstan has become the first country in the Commonwealth of Independent States, a group of previously Russian-controlled countries, to reach investment grade status.
The award was made by ratings agency Moody’s after developments in the country’s oil and non-ferrous metallurgy sectors.
Construction of new pipelines will improve dramatically market access for oil exports which, Moody’s says, will compensate for price volatility.
Moody’s says that over the medium to long-term it will monitor: the country’s progress on privatisation; the ability of policy-makers to withstand currency appreciation; and the government’s approach to the growth of regional and income equalities and the resulting pressure on social welfare payments.
Pension freedoms could generate as much as £1.9bn a year in tax revenue for the next 10 years, according to research by the Pensions Policy Institute (PPI).
The Pension Protection Fund (PPF) has conceded it does not have "all the data we need to calculate" the impact of last month's ruling that some benefits may be unlawful.
A looming court decision on gender equalisation of pension schemes could hit FTSE 100 profits by up to £15bn, Lane Clark and Peacock (LCP) says.
Dutch custodian KAS Bank has created a fintech solution to help schemes save on costs and improve transparency of currency hedging strategies.