As I mentioned in last week's leader - (Oil spill highlights need for alternatives, PP, June 10) - the Gulf of Mexico oil spill disaster may not only be catastrophic for the environment.

The Pensions Archive Trust board has appointed Malcolm McLean as a vice-president.

BP directors will face "testing questions" from schemes in the wake of the firm's decision to suspend dividends for the remainder of the year, the National Association of Pension Funds says.

GLOBAL - BP will not pay dividends for the remainder of the year as it has to put us$20bn in a compensation fund for victims of the Gulf oil spill.

UK/GLOBAL - BP directors will face "testing questions" from schemes in the wake of the firm's decision to suspend dividends for the remainder of the year, the National Association of Pension Funds said.

George Osborne has announced plans to abolish the Financial Services Authority and increase the powers of the Bank of England.

UK - George Osborne has announced plans to abolish the Financial Services Authority and increase the powers of the Bank of England.

Payden & Rygel Global has launched a Sterling Reserve Fund in a bid to provide institutional investors with better yields than those available from bank deposits and money market funds.

UK - Payden & Rygel Global has launched a Sterling Reserve Fund in a bid to provide institutional investors with better yields than those available from bank deposits and money market funds.

Defined contribution scheme members have seen annual pension income plummet by more than £1000 a year as a result of stock market falls since the beginning of May, Aon Consulting research reveals.