Rutter seeks Australian backing after shock Royal London exit – report

Peter Rutter is reportedly close to securing backing for his new funds venture from Australia’s Pinnacle Investment Management following his shock resignation as Royal London’s equities boss. Australia’s Financial Review reported Pinnacle, which takes stakes in ‘affiliate’ fund groups and provides them with distribution support, is understood to be in advanced …

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IDS urges Ofcom to accelerate review of Royal Mail reform proposals

International Distributions Services PLC on Tuesday outlined a modernisation programme for the Royal Mail, via reform of the postal firm’s universal service obligations. The proposal is based on three key principles: that reforms are good ‘for customers and growth’; for ‘financial sustainability’; and ‘for our people’. If successful, the Royal …

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Could Saturday post deliveries be scrapped?

Receiving post six days per week could soon be history if unions accept proposals to cut most Saturday deliveries. The Communication Workers Union (CWU) appears to have conceded a six-day post delivery service is financially unviable following rumours that the postal service could be taken over. There are reports that …

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