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UK pension funds gain from drop in sterling
The UK currency’s steep slide in 2008 has been a boon to retirement benefits, cushioning the blow from heavy losses in equity markets, preliminary figures from State Street show
House prices down 15.9% on a year ago
December fall wipes out gains since 2005
Cameron promises tax breaks for savers
Tories want a ‘save, save, save society’

New figures from State Street bank found that foreign exchange movements offered salvation to UK pension funds last year
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