Pension annuity sales hit record as average pot exceeds £80,000

Rachel Reeves’s inheritance tax changes encourage more people to invest in previously unloved product

The Guardian
Schroders agrees £9.9bn takeover by US investor, ending 200 years of family ownership

British asset management group’s deal with Nuveen will create one of world’s biggest fund managers

The Guardian
“The #financialsector is a massive source of #waste and #corruption, which has grown like a cancer on the #economy over the last half century.” open.substack.com/pub/deanbake...

Oren Cass Uses Good Economics ...
Oren Cass Uses Good Economics in Attacking Finance in NYT

Why aren't all economists bothered by the massive waste in the sector?

Dean Baker
Monzo wrongly denied refunds to thousands of fraud and scam victims

Ombudsman found bank wrongly rejected 34% of complaints last year, with NatWest and HSBC close behind

The Guardian
FCA urged to investigate Peter Mandelson over potential insider trading

Exclusive: Lib Dem Daisy Cooper says ex-minister could have ‘abused trading laws’ when sharing state information with Jeffrey Epstein

The Guardian
Rape allegation against ex-Barclays CEO Jes Staley was raised in US Epstein investigation

Newly unsealed files claim the banker, who has denied any wrongdoing, forced a woman to touch his genitals

The Guardian
Women in tech and finance at higher risk from AI job losses, report says

‘Mid-career’ females also being sidelined by rigid hiring processes, says City of London Corporation

The Guardian
Betfred brothers top the UK’s biggest taxpayers list with £400m bill

Tim Martin makes Sunday Times Tax List top 10, paying £200m while Harry Styles is the highest-contributing celebrity

The Guardian
‘Very low bar’: analysts say Starmer faces slim pickings in China

Experts say business with China is always a double-edged sword let alone when its overheated economy can offer only marginal gains

The Guardian
City minister accused of ignoring £2bn car finance tax loophole

Critics say banks will be able to avoid tax on compensation payouts to victims of £11bn loans scandal

The Guardian