Chancellor to unveil annuity reforms
Craig TaylorGeorge Osborne is set to extend pension freedoms to retirees who already have an annuity as part of next week’s Budget, the BBC understands. BBC News – Business
Business
Pensions: ‘Don’t book a cruise yet’
People planning to cash in their pension savings under new rules taking effect have been warned “not to book the cruise now”. BBC News – Business
European banks fail US ‘stress tests’
Santander and Deutsche Bank fail US “stress tests” designed to assess whether lenders can withstand another financial crisis. BBC News – Business
Pound at seven-year high against euro
The pound has reached a seven-year high against the euro, a day after the European Central Bank (ECB) began its government bond buying programme. BBC News – Business
Treasury sells £500m of Lloyds shares
British taxpayers’ stake in Lloyds Banking Group has fallen to below 23% following the latest share sales, which have netted about £500m for the Treasury. BBC News – Business
Large firms to reveal gender pay gap
Large companies will have to reveal differences in pay between men and women after the government agreed to implement the measure. BBC News – Business