Recent upward revisions to projections of long-term UK state pension costs reinforce the importance of fiscal prudence today to ensure budgetary sustainability in the future, said a report published this week by Standard & Poor’s Ratings Services. The article, entitled, UK Fiscal Prudence Vital To Manage The Growing Cost Of Growing Old, notes that the recent report by the Pensions Commission, chaired by Adair Turner, was based on significantly higher assumptions of state pension costs by 2050 than earlier projections by the UK Treasury. Moreover, the Treasury itself, in its Long-Term Public Finance Report that accompanied the December 2005 pre-budget statement to parliament, has raised its forecast of state pension costs in the 2050s to 6.6 per cent of GDP, from 5.6 per cent in earlier reports.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more