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Aussie pension funds risk facing scrutiny

SYDNEY: Australian pension funds unable to return part of their A$3 trillion savings to unemployed workers and to those in financial distress should expect to have their risk-management frameworks scrutinised by the regulator, says a government official.

Black Death makes us think about interest rates

All upheavals leave their marks. Some fade away, some linger. Following the Black Death, the plague that’s believed to have killed 60% of Europe’s population in the second half of the 14th century, the realisation that life is short, played a big role in shaping interest rates in late medieval Europe, stretching all the way to the Enlightenment.