UK - The government's plan to shore up the battered UK banking sector with a £50bn (US$87.2bn) emergency share capital package and a further £450bn of loans and guarantees to boost liquidity has been well-received by the pensions industry.
Chris Oulton, CEO and founding partner of Prime Rate Capital Management told Global Pensions the deal was good news for pension funds because "it would clearly be a disaster if the banking sector i...
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