Firms have slashed their pension costs for new recruits by closing final salary schemes and setting up money-purchase plans instead, new research reveals.

Salaries in the financial services sector rose by an average of 4.2pc in 2007, a new report shows.

Northern Rock in talks to sell £355m pension scheme; Rank on brink of £700m fund deal with Goldmans; Inflation fear tipped rates balance, MPC minutes show; Dow bounces back on hope of monocline rescue plan

Teachers need training to teach financial education, the ifs School of Finance says.

Cowen Asset Management is to launch a global climate change fund targeted at pension schemes.

Work and pensions secretary Peter Hain has been cleared of breaking the ministerial code by the Cabinet Office.

Some 52pc of employees in the UK are monitored by computerised surveillance systems, new research shows.

Idea for commission goes back to 1998

A third of workers expect to retire early, but nearly a quarter of people have no pension savings at all, a new study shows.

FRANCE - Société Générale Group has revealed evidence of an "exceptional" fraud in its Paris operations, amounting to €4.9bn (US$7.2bn) and admitted a further €2bn loss related to sub-prime positions.