LONDON, ENGLAND, February, 2010 / — According to new figures from the Prudential Class of 2010 retirement survey* women planning to retire in 2010 expect to receive an average annual pension of GBP12,169, while their male counterparts expect to collect an average pension of GBP19,593 – a pension gender gap of GBP7,424. And the pension [...]
Germany nears final ratification of Lisbon Treaty
Germany’s president Horst Koehler on Wednesday (23 September) signed newly-drafted national laws enabling the country to adopt the EU’s Lisbon Treaty, making final ratification of the document at the end of the week a formality. HONOR MAHONY The laws will be published in Germany’s official law register on Thursday and Mr Koehler is expected to [...]
SNP leader Alex Salmond hailed the European election result as “historic”
The SNP has won the largest share of the European election vote in Scotland for the first time, beating Labour into second place. The SNP took 29.1% of the vote – a 10% increase – ahead of Labour’s 20.8%. The Tories took 16.8% and the Lib Dems 11.5%. The result means the SNP and Labour [...]
Vince Cable – Treasury’s mismanagement of the Northern Rock crisis
Cable: Northern Rock report is account of Treasury’s mismanagement Vince Cable Commenting on the NAO report into the nationalisation of Northern Rock, Liberal Democrat Shadow Chancellor, Vince Cable said: “This report is a damning account of the Treasury’s mismanagement of the Northern Rock crisis.” “The Government’s inability to stop Northern Rock issuing high risk Together [...]
FSA action on “short selling” too little too late
The FSA’s newly announced clampdown means investors will not be allowed to take new short positions or add to existing ones. The rule is effective from midnight (2300 GMT) on Thursday September 18. The restrictions, which will be in force until 16 January 2009, will be reviewed after 30 days. “While we still regard short-selling [...]
