Government's £500bn rescue plan good for pensions

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THE government's plan to shore up the battered UK banking sector with a £50bn emergency share capital package and a further £450bn of loans and guarantees to boost liquidity has been well-received by the pensions industry.

Prime Rate Capital Management chief executive officer and founding partner Chris Oulton told PP sister title Global Pensions the deal was good news for pension funds because "it would clearly be a ...

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