Capita Shares Drop 18% Following Pension Failures
By EC Assets · Published
Capita's shares experienced an 18% decline. This fall occurred after pension scheme failures impacted the company's profit. Pension anger is growing as Scots encounter delays in receiving a £1.7 billion remedy. Members of the Scottish Parliament warn of a "disconnect" as some individuals die while awaiting answers from the pensions agency. More Americans are expressing fears about outliving their savings in retirement. The pace of Boomer retirements has increased over the past year. The UK's fiscal watchdog indicates that income tax and capital gains tax generally fall due. The Office for Budget Responsibility forecasts that some categories of tax will fall as a share of national income within five years. The Pan-African Payment and Settlement System (PAPSS) is a centralized financial market infrastructure. Its purpose is to enable instant and secure cross-border payments. The city of Newport News shared an independent economic impact study following the NOODLE: The Thinkers Convention. This convention generated over $1 million for the city. This article is intended for informational purposes only. It does not constitute investment advice.
Stay informed
Market commentary, firm news and research from EC Assets - direct to your inbox.