Budget 2014: Savers and pensioners to benefit from tax overhaul

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He also revealed new rules making it easier and cheaper for savers to withdraw cash directly from their pension funds instead of buying an annuity. And new “Pensioner Bonds” will pay enhanced interest rates to savers aged over 65.

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Traders' dismay at supermarket plan

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The family-run Costcutter on the same road, which sells groceries, tobacco and alcohol, said their trade has already been hit by the Co-operative store on Ombersley Road and could not compete with another store.

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Minister Addresses Palmetto Road Concerns

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The Ministry said, “On Sunday night crews from the Ministry of Public Works did some site reconnaissance at Perimeter Lane/Palmetto Road to see if an opportunity exists for a second exit/entrance off Perimeter Lane.

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This may be the worst time to launch a new hedge fund

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Why? Well, one big reason is likely the relatively paltry returns that hedge-fund managers have generated over the last few years. These managers, who typically charge investors a 2% management fee and take a 20% cut of the profits, have trailed the S&P 500 index (a broad gauge of the US stock market) for the past five years. Bloomberg reports that hedge funds returned on average 7.4% last year compared to the S&P 500′s 30% gain—the benchmark index’s best performance in 16 years.

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Mid-Caps Lagging — Some Point to Good Harbor’s Monthly Footprint

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Good Harbor says in marketing materials that it finished last year with 100% stocks in its main U.S. Tactical Core strategy, and Monday is Good Harbor’s first chance to trade since markets have been hit by a wave of volatility in recent weeks.

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