Author: News Desk

Report from one of the UK’s largest schemes is an early indicator of scale of the financial impact on retirement funds BT’s pension scheme has revealed the value of its assets plummeted by an estimated £11bn in recent weeks, after the meltdown in UK government bond markets following Kwasi Kwarteng’s mini-budget. The disclosure in the annual report published by BT Pension Scheme (BTPS), one of the UK’s largest company retirement plans with almost 270,000 members, provides one of the first insights into the scale of the financial impact on funds. Continue reading… ​Report from one of the UK’s largest schemes…

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Defence secretary Ben Wallace flies to Washington to discuss dangerous new phase in invasion of Ukraine Ukraine war – live Iran has deepened its commitment to supplying arms for Russia’s assault on Ukraine by agreeing to provide a batch of medium-range missiles, as well as large numbers of cheap but effective drones, according to US and Iranian security officials. The surface-to-surface missiles are designed to supplement the severely run-down stock of Russian missiles, as part of a bid to systematically destroy Ukraine’s electricity infrastructure ahead of a brutal winter. Continue reading… ​Defence secretary Ben Wallace flies to Washington to discuss…

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