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Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

BUZZ-Jupiter Fund Management: falls on rising costs and margin threat

Reuters - UK Focus

** Jupiter Fund Management falls 2.4 pct despite a headline beat of earnings, with brokers citing higher costs and pressure on margins as negative

** FY profits up 2.9 pct, better than expected

** Liberum points to fixed costs being £7 mln p.a. higher - broker 10 pct below consensus and says downgrades set to follow

** Panmure double-downgrades to "sell" from "buy", says co's c. 50 pct operating margin likely to come under pressure, especially the co's Merlin multi-manager funds, accounting for around 40 pct of profits

** Stock fell as much as 6.8 pct in early trade before recovering, but still among top fallers on FTSE 250

(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)