Monthly Archives: June 2012

Black hole in final salary pensions hits all time high

The black hole in British companies’ final salary pension schemes has grown to   a record £312 billion as stock market turmoil and the Bank of England’s   policy of printing money have massively increased pension deficits http://www.telegraph.co.uk/finance/personalfinance/pensions/9327537/Black-hole-in-final-salary-pensions-hits-all-time-high.html

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UK pension performance amongst worst in developed world

British savers have suffered bigger losses from their workplace pensions in   the last decade than virtually every other nation in the developed world,   the Organisation for Economic Cooperation and Development (OECD) has said. http://www.telegraph.co.uk/finance/personalfinance/pensions/9325041/UK-pension-performance-among-worst-in-developed-world.html

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US Stocks have best week for 2012

US stocks ended their best week in 2012 on Friday as investors returned to  stocks after sources told Reuters that Spain  was expected to request aid for its troubled banks. Read more: http://www.smh.com.au/business/markets/us-stocks-post-best-week-in-2012-on-spanish-bank-hopes-20120609-2029w.html#ixzz1xGGtfyqJ

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