Watchdog eyes BT pension deficit; RSA shifts its pension exposure

Government closer to abolishing compulsory retirement at 65; Airline industry suffering 'annus horribilis', says BA chairman

The at retirement market could grow by more than 60% in the next five years to reach £23.1bn, Watson Wyatt research predicts.

Dramatic falls in bond yields have put enhanced transfer values back on the agenda for many sponsors, Hymans Robertson says.

The default retirement age of 65 could be abolished following an expedited government review.

UK - Pension funds and other institutional investors have been wary of rushing into making significant changes to their portfolio, a report by the Investment Management Association reveals.

SWITZERLAND/SAUDI ARABIA - UBS is set to start financial and securities business activities in Saudi Arabia, following the authorization of Riyadh's Capital Market Authority.

The aggregate funding position - total assets minus total liabilities - of defined benefit schemes has worsened during the last month, the Pension Protection Fund says.

The £14m Jotun Paints (Europe) Limited Pension Scheme has appointed SEI as fiduciary manager in a bid to improve the funding status of the pension scheme.

Pension funds and other institutional investors have been wary of rushing into making significant changes to their portfolio, a report by the Investment Management Association reveals.