The proposed changes would safeguard the benefits its pension scheme members had already built up, it added.

BBC: Severn Trent proposes pension changes

Because by the end of February, money managers trading Comex gold futures had already built up as a group their biggest short gold position since 1999.

FORBES: Why Wall Street Suddenly Hates Gold

Mr Tschopp and his committee are already looking into a quite separate allegation that the Swiss spymaster had links with a biological and chemical weapons programme built up by South Africa's apartheid regime.

ECONOMIST: Switzerland