Chancellor George Osborne has pledged to use fines imposed by the Financial Services Authority to compensate taxpayers in the wake of the LIBOR scandal.
Yesterday the FSA announced it will fine Barclays £59.5m after it discovered the bank had attempted to skew LIBOR and EURIBOR in order to favour its own traders' positions (PP Online 27 June). In a...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.