BT cuts dividend and 15,000 jobs; BT could face £11bn pension fund deficit; Pension tax change under fire
BT cuts dividend and 15,000 jobs Financial Times BT is to axe 15,000 jobs, more than expected, and cut its final dividend by nearly 60 per cent - the first reduction in seven years - after an "unacceptable"...
The Centre for Social Justice is calling for the state pension age to be raised to 70 by 2028 and to 75 by 2035, a much faster rise than currently planned.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.