FT Alphaville " FTfm on AV Some highlights from Monday's FTfm. RPI revamp risks ruining linker returns Proposed changes to the calculation of UK inflation data could "ruin" the £338bn index-linked gilt market and leave investors nursing heavy losses. However, the proposals would also reduce the liabilities of the majority of private sector occupational pension schemes by eroding the retirement income of their members. BofE gains £50bn from QE schemes Jim Leaviss, head of retail fixed income at M&G, calculates the Bank is now sitting on a profit of £49.26bn as a result of a rise in the value of its gilt holdings and the income it has received, minus interest of 0.5 per cent the Bank is paying on the additional reserves created to back the QE programme. No feast, just famine to come UK asset management industry must face up to the reality that it must be ready for five years of famine marked by declining revenues and profits Talk of debt cancellation gets a little louder Cancellation would reduce the UK's debt/GDP ratio from 63 per cent to 41 per cent and cut annual debt servicing costs from £50bn to £32bn, strengthening government finances and potentially creating the firepower for a wave of infrastructure investment, argues Jim Leaviss of M&G Investments. The industry is beginning to listen. Europe's drive for shale gas lacks some vital parts When prices rise in the US, it will no longer be so easy to tempt those rigs and crews to Europe, which is why Ukraine has suddenly become very interested in attracting US shale gas drilling expertise, writes John Dizard China set to continue supersize binge The country's response to being in a hole is to keep digging, says Edward Chancellor, who thinks huge debts are being accumulated to pay for needless huge infrastructure projects Sensible to break the ties that bind The financial services industry sometimes forgets the "services" part of its description, writes Pauline Skypala. Restrictive covenants that prevent a customer moving their money should be removed, if the financial services industry wants to remain true to the "services" part of its name Steps to making the renminbi international The momentum to internationalise the renminbi is building up. Wendy Guo and Samuel Lum of the CFA review the milestones and challenges of renminbi internationalisation. This entry was posted by Emma Boyde on Sunday, June 3rd, 2012 at 18:42 and is filed under Uncategorised.