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...Mark Cliff, chair of trustees for the Debenhams Retirement Scheme, said: “We are confident that transferring members’ benefits to Clara provides the best available outcome for them.”...
...By “volatility shield”, of course, they mean “infrequent updates of often-subjective loan marks”....
...And let us also put a stop to the endless childish arguments about MPs’ salaries. Once the seriousness of the role has been established as suggested, commensurate payment should be made....
...The chancellor conceded that £100,000 was considered by many to be “a very high salary” but said that with people facing average property costs in his area of £670,000 and childcare on top “it doesn’t go...
...Marks and Spencer co-chief executive Katie Bickerstaffe is stepping down after less than two years in the role, leaving Stuart Machin as the sole boss of the UK retailer....
...Mark Bruce, who enjoyed an award-winning hit with his Dracula in 2013, has made a string of dark and dirty dance dramas in the meantime but has returned to the horror vault for his Frankenstein, whose brief...
...For now, Dutch prime minister Mark Rutte can still be spotted around The Hague mopping up his own coffee spills, teaching a weekly social studies class at a mostly immigrant high school, or puttering about...
...This is an audio transcript of the FT News Briefing podcast episode: Swamp Notes — Did Biden’s State of the Union hit the mark?...
...“It is a budget that I consider very serious, very realistic, a budget that doesn’t waste resources, but concentrates them on some big priorities,” Meloni said....
...Jooste didn’t do this on his own,” he says. “He was a typical sociopath — very charming and engaging. He was very entertaining. Those were his weapons.”...
...“But if the government can’t show results, that’s when people start to get angry.”...
...That doesn’t mean that’ll hold forever.”...
...Clearly the paying of dividends, and high salaries and bonuses to its executives is more of a priority than ensuring its vehicles are secure....
...About $5bn in disbursements from international donors and lenders in December “won’t be sufficient” to cover spending needs....
...“We were literally at a point where we weren’t flushing toilets, the garden was wilting, we couldn’t really cook. We just let the washing pile up, we weren’t really able to bathe,” she said....
...“It couldn’t happen in a federal system,” said Drakeford....
...These funds don’t engage with companies, they rely on third-party rating agencies’ opinions, and can’t divest if they’re not happy....
...“When one is extracting a surplus we can’t just do [this] with the view that it will be fine forever and everything is completely hunky dory,” Afolami said....
...The instruments, of course, don’t do all the work....
...All that should give other shareholders confidence that these share sales don’t signal a market top....
...“The UK labour market hasn’t received its usual January injection of job postings,” said Jack Kennedy, senior economist at Indeed UK....
...(FTAV) — Private credit returns are great — if you believe the marks (FTAV)...
...The MP for Mid Norfolk explained his rationale for resigning: “Because my mortgage rises this month from £800 [per calendar month] to £2,000, which I simply couldn’t afford to pay on a ministerial salary...
...We can’t afford a holiday this year, despite having a joint household income of £165,000.”...
...We don’t even have an overdraft,” he says....
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