Pension deficits have fallen by £40bn since the start of the year and are at
the lowest level for more than five years. The improvement has been fuelled by a
strong UK equity market and falls in the prices of bonds used to measure pension
Most pension schemes invest a significant proportion (60% on average) of
their assets in the stock market. The value of UK shares has increased by 9%
since the start of the year.
have fallen over the same period. Deloitte actuaries estimate that this
alone has wiped around £25bn off the value of pension deficits.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements