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Further Social Security Reforms on the Cards
In the next few months, South Africans will get an opportunity to debate what kinds of reforms can be taken to improve the country’s social security system.
Kenya’s Telephony Giant Safaricom, Bags International Award for Mobile Money Transfer Service
Safaricom- Kenya’s leading mobile telephony company has won an international award-the Mobile Money for the Unbanked Award at this year’s Global Mobile Awards 2011 which is being held in Barcelona, Spain.
UK Pensions Tax Relief Slashed By 80%
Financial Secretary to the United Kingdom Treasury, Mark Hoban MP, has announced that the annual allowance for tax-privileged pension saving will be reduced from £255,000 to £50,000, and the lifetime allowance will be reduced from £1.8 million to...
UK Financial Services Guide Launched in Mumbai
Commercial Secretary to the Treasury, Lord Sassoon, while on a visit to India, has launched a UK financial services guide in Mumbai as a direct response to the interest of Indian banks and financial firms, keen to set up businesses in the United Kingdom...
Economic Affairs Committee Backs Rules to End “bankers’ Bonus” Culture
Economic and Monetary Affairs Committee MEPs have backed new rules to end the bankers’ risk-taking culture that led to the global economic crisis. Bailed-out bank directors must get no bonuses until banks have repaid public support, bankers’...
Over 1000 Health-care Students Ripped-off By Substandard Education Provider
Following an investigation by The Insolvency Service two companies, Precision Training UK Limited (“Precision”), and its successor, Aspire Training and Assessment Ltd (“Aspire”) who claimed to provide education services for the health-care sector...
From Butterflies’ Wings to Bank Notes — How Nature’s Colors Could Cut Bank Fraud
Scientists have discovered a way of mimicking the stunningly bright and beautiful colors found on the wings of tropical butterflies. The findings could have important applications in the security printing industry, helping to make bank notes and credit...
European Commission Proposes Establishing a Network of Bank Resolution Funds
The European Commission has proposed that the European Union (EU) establishes an EU network of bank resolution funds to ensure that future bank failures are not at the cost of the taxpayer or destabilize the financial system. Following discussion...
