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In Canada, that same pot would be worth £176k, given the better performance of the country’s pension funds. In Australia, it would be even higher, £186k. This means that, on some estimates, poor performance could leave UK savers with £45,000 less in their pension pots than their Australian counterparts.The challenges of UK capital markets and pension investing are complex, decades in the making, and the UK government is to be commended for the energy and focus it is bringing to addressing this long-running issue.In framing policy to create new incentives...

6 Mins AgoCredit calendar is fueling market weakness, Wells Fargo saysWells Fargo is offering up its perspective on the recent weakness in equities and September seasonality."The credit calendar is the main driver of seasonal stock/bond weakness, in our view," said Chris Harvey, head of equity strategy in a Thursday note to clients. "September's credit deluge (and damage) likely will occur in the two weeks prior to FOMC (Sep 20) as bond investors sell/short Treasuries for new credit positions," he added.— Samantha Subin26 Mins AgoWhat's leading the Dow higher38 Mins AgoCopper...