08/03/2011
Iain Duncan Smith aims for pension reforms to be rewarding to savers and easy to understand. And lower growth, higher unemployment: predictions from the Chambers of Commerce.
Work and Pensions Secretary Iain Duncan Smith, is due to say he wants pension reforms to be more like his welfare reforms, rewarding to savers and simple to understand. We ask Tom McPhail, head of pension research at Hargreaves Lansdown, how necessary this reform is.
There's not much good news from the British Chambers of Commerce in its quarterly economic forecasts with a lower growth outlook and higher unemployment projections. David Frost, director general of the BCC, discusses these forecasts in detail.
Only a day after we heard that some of those in the top jobs at Barclays have pocketed millions of pounds in bonuses, we're being told that it is the amount of jobs available in the banking sector at the other end of the pay scale that will lead the UK jobs recovery. We hear from Mark Cahill, managing director of Manpower UK, who says that some of the top banks are looking to recruit twice the number of people they wanted this time last year.
Finally, the biggest insider trading trial in more than a decade gets underway in Manhattan. The programme hears from Jacob Frenkel, a former SEC enforcement lawyer and former US federal prosecutor.
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