Pension system ‘is not working’
Craig TaylorThe UK pensions system is not working, the City watchdog has concluded after a review into the “disorderly” annuities market. BBC News – Business
Business
Lloyds Bank in return to profit
Lloyds Banking Group announces pre-tax profit of £415m for 2013, reversing previous year’s loss of £606m. BBC News – Business
Carney set to adjust rates policy
Bank of England governor Mark Carney is expected to overhaul his flagship forward guidance policy on interest rates. BBC News – Business
Barclays posts profit figures early
Barclays releases profit figures a day earlier than expected, saying that it needed to provide clarity following a newspaper report. BBC News – Business
Scheme to get the sick back to work
A new body to try to get the long-term sick back to work more quickly in England, Wales and Scotland is being set up by the government. BBC News – Business
Insolvencies at lowest for 8 years
The number of individual insolvencies in England and Wales fell to its lowest level for eight years in 2013, according to government figures. BBC News – Business