Orange is selling down its stake in BT, a move that will reduce its exposure to the UK telecoms group whose shares have dropped by almost a quarter this year. The sale represents another blow to BT’s reputation, with Orange opting to sell down...
Read moreUK pension transfers: mis-selling risks loom
Big UK companies have been moaning about staff pensions for years. Low interest rates have inflated the liabilities and funding costs of old defined benefit schemes. Now the hearts of finance directors have been gladdened by a trade-off: a...
Read moreCo-operative Bank in ‘advanced’ talks over capital injection
The Co-operative Bank is in “advanced discussions” with existing investors about injecting more capital into the lender despite concerns over its pension liabilities, after warning earlier this year that it would fall below the regulator’s...
Read moreSomething is better than nothing
Earlier this month, Free Lunch set out what a good agreement between the Greek government and its creditors should achieve. The one they struck last week fell short of that. My colleague Jim Brunsden has it right when he writes that the deal...
Read moreUK financial firm cuts pension liabilities by 10% in six months
A financial services company has reduced its pension liabilities by a tenth, or more than £100m, in just six months in a dramatic example of British workers increasingly leaping at the offer to cash in their final salary benefits. Liabilities on...
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