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US rate cut means rates lowest for 40 years

The US Federal Reserve has cut interest rates by 0.5 per cent to 2 per cent, their lowest level for 40 years.

The cut, the 10th this year, means the cost of borrowing is now well below the rate of inflation, currently running at 2.6 per cent in the US.

The US Federal Reserve indicated that it would cut rates further if required.


Last chance for stakeholder

Down at the “Last Chance for Stakeholder” saloon the players are getting ready for one last throw of the dice.All the talk is of compulsion – if the low earners will not contribute voluntarily then it is up to the Government to force them into stakeholder pensions. Achieve this and stakeholder suddenly starts to make […]

Sergeant oversees regulator&#39s risk-based approach

Like Michael Foot, Carol Sergeant hails from the Bank of England.Sergeant, one of three managing directors at the regulator, is responsible for regulatory processes and risk directorate, a role she assumed on June 1. She has control over authorisation, enforcement as well as the new risk-assessment division for the FSA.It is her team that dec-ides […]

R&SA set to shelve life sale as it eyes general insurance

Royal & Sun Alliance is exp-ected to shelve plans to sell its life business this week when it announces its nine months&#39 figures on Thursday.The insurance giant is looking to raise capital to support growth in the booming general insurance market.The company will ann-ounce a number of options to raise the cash, which may include […]

Childcare - thumbnail

Three questions for employers…

The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.


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