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Tesco posts record loss of £6.4bn

Tesco has posted a record loss of £6.4bn, one of the biggest losses outside of banking in British corporate history. In its annual results, published today, the supermarket group revealed it made a pre-tax loss of £6.38bn in the year to the end of February, compared with a pre-tax profit of £2.3bn the previous year. […]

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Phoenix signs up to Just Retirement simplified advice service

Closed book insurer Phoenix is the first provider to sign up to Just Retirement’s new simplified advice service. The deal means retiring customers who do not have an adviser will be able to get personal recommendations over the phone on how to use their pension pot, including whether to keep their funds invested, take lump […]

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Steve Bee: The golden age of pensions is well and truly over

There was a time when announcing a pension seminar was a sure fire way of emptying a room. Today things are different. Pension seminars are packed to the rafters with people absolutely hooked on getting details of the new freedoms. How times change. While I am pretty happy with the way this has turned out […]

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T. Bailey’s Askew doubles down on Europe

While the T. Bailey Growth fund team has recently doubled the portfolio’s allocation to European equities, its managers insist the introduction of quantitative easing across the currency bloc was not behind the move. Looking at the decision to up the £178.8m portfolio’s allocation from circa 5 per cent at the start of the year to […]

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