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GRANDPARENTS are shelling out around £4bn a year to help their families with the cost of raising children, suggests Barclays research published in the Telegraph.

PENSIONS CAMPAIGNERS have labelled the government's plans for the Financial Assistance Scheme "no more than a first step" and suggest more needs to be done to compensate 85,000 victims of wound-up pension schemes, says the Daily Telegraph.

Falls in the dollar may have made it more difficult to reconcile investment returns in sterling terms, however, there are some investments able to withstand the pressure.

The FTSE 100 index finally closed up again after a bad start to the day, thanks largely to news of Bradford & Bingley's financial report, but the dollar hit a 12-year high against sterling at the same time.

The US economy is expected to remain relatively strong now the election is over, but consumer spending and pressure on the oil price are likely to determine how stock markets fare over the coming year, suggests Gil Knight, senior US fund manager of the...

The FTSE 100 index ended the day down, even thought sterling hit a new six-week high against the dollar.