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DWP eyes radical overhaul of Nest

The Government is planning to allow national pension scheme Nest to offer its own in-house retirement products and remove restrictions on who can join. In a call for evidence published today, the Department for Work and Pensions outlines potentially radical changes to the scheme. It says: “The Government wants to understand the potential opportunities and […]

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Barclays and RBS trading suspended as market falls continue

Trading in some bank and housebuilder stocks was halted this morning after the companies’ share prices fell by more than 8 per cent. Shares in Barclays and Royal Bank of Scotland both fell more than 10 per cent in early trading this morning, triggering the London Stock Exchange’s circuit breakers and leading to a temporary suspension in […]

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Osborne abandons 2020 budget surplus target after EU vote

The Chancellor George Osborne appears to have abandoned his target of turning the UK’s budget deficit into a surplus by 2020. In a speech today Osborne said the UK must be “realistic about achieving a surplus by the end of the decade”, reports the BBC. The drive to reach a surplus has been the justification […]

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