BUS drivers at First Leeds are set to strike next week in protest against attempts to "devalue" their pensions.

COMPLYING with the pension provisions of age discrimination legislation could cost companies up to £1m, businesses say.

THE BANK of New York and Mellon Financial Corporation are set to merge in a bid to slash costs and boost services.

THE West Midlands Pension Fund has won lead plaintiff in legal action against personal computer giant Dell.

FAILING to adopt best practice standards will result in tighter government regulations on the Local Govern-ment Pension Scheme, delegates heard.

UK - Just two months after breaking the £1bn barrier, as first revealed in Global Pensions, Investment Gateway, Watson Wyatt's strategy for defined contribution pension schemes has seen 20 plans, including the firm's own, committing over £2bn to the product....

SCHEMES are being urged to globalise their property investments and make greater use of property securities.

WESLEYAN Assurance has left the bulk annuity market after signing just one deal, PP has learned.

The Pension Protection Fund has made its first compensation payments to three schemes which have passed through the industry-funded lifeboat's assessment period.

UK - In the pre-budget report released today, chancellor Gordon Brown has announced the April increase in the basic state pension will be in line with September's Retail Price Index (RPI) of 3.6%, taking the basic state pension to £87.30 per week.