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Shadow chancellor also backs planning changes and industrial strategy, but no ‘unfunded tax cuts’Rachel Reeves is proposing to shake up Britain’s pension system as part of a three-pronged plan aimed at boosting the economy’s sluggish growth rate if Lab…
Pension Insurance Corporation is building 125 affordable homes in London as part of £500m plan for 1,000 affordable homes over next five yearsThe UK’s pension funds are increasingly stepping in to build affordable homes as the housing crisis worsens.Pe…
Participants also including banks and pension funds will have to reveal how activities could harm financial systemMany of the world’s largest hedge funds will reveal whether their investment activities risk amplifying economic shocks and harming the UK…
Regulators to be asked about how £10m scam was investigated, as Guardian Today in Focus podcast raises fresh questions about caseFinancial regulators are to be summoned to parliament to explain how they prosecuted the case of a multimillion-pound pensi…
Chancellor will outline proposals to mobilise investment and support homegrown firms in Mansion House speechThe chancellor, Jeremy Hunt, is poised to announce plans to merge workplace pension schemes and release up to £75bn of retirement funds for fast…
Chancellor expected to reveal ‘compact’ agreement with some of UK’s largest investment firms in Mansion House speechThe chancellor, Jeremy Hunt, will reveal plans to release billions of pounds from British pensions to help fund fast-growing companies, …
Church pension and endowment funds shed holdings after U-turns by BP and ShellThe Church of England is divesting from fossil fuels in its multibillion pound endowment and pension funds over climate concerns and recent U-turns by oil and gas companies.T…
Warning comes as UK watchdog set to tighten rules for asset managers given short-term targetsPeople investing their pensions in funds that claim green credentials are being warned they may actually be backing the world’s largest oil and gas companies.C…
Report calls for tighter regulation of non-banks as comfortable decade of low interest rates comes to an endThe near collapse of Britain’s pension funds during Liz Truss’s brief premiership highlights the risk that higher global interest rates will tri…
Bank wants to avoid repeat of situation that followed Kwasi Kwarteng’s calamitous mini-budgetBusiness live – latest updatesThe Bank of England has called for tougher rules governing pension schemes and major lenders outside the banking mainstream as it…