A pensioner is fighting to claw back almost £18,000 in commission and charges that were snatched from his pension just a year before he planned to retire.
David Jones, 65, of High Wycombe, Bucks, was just a year away from retirement when, in March 2008, Kevin Packebusch, from adviser Ladycross, based in Tunbridge Wells, Kent, recommended he switch £310,870 into a pension cash account with Scottish Widows, the Daily Mail writes. Full story...
Households already struggling through the longest recession on record face yet more pressure after inflation rose sharply in October - with the expectation of a continued climb according to The Times.
Rising oil costs, the weak pound and the reversal of a temporary cut in VAT will maintain the pressure on prices as the consumer prices index (CPI), the Bank of England's target measure, climbed to 1.5% in October, up from 1.1% in September. Full story...
America's pay czar slashed the compensation paid to Citigroup's vice chairman and trading head by as much as 63%, according to a regulatory filing reports The Times.
Citigroup said that vice chairman Stephen Volk would be paid a maximum of $5.9mn this year, down from $10.5mn last year, in what was a rare glimpse of the cuts Kenneth Feinberg, the Special Master for Tarp Executive Compensation, has made from individual bankers' pay. Full story...
Achievements, charity work and other happy snippets
Laughable excuses for persisting
Spent 56 years at Schroders
Warns on profits