US- Exxon Mobil has reported a jump in its pension deficit to nearly US$15bn - an increase of over 100% from the previous year.
Non-US pensions had a pension liability of $8.7bn, up from $5.3bn the previous year.
The market value of the pension funds was down to a combined $22.8bn in 2008, from $27.8bn.
At the end of 2008, the US plan had $6.6bn in assets, while the non-US plan had $11.2bn.
The firm expects to make pension contributions of $4.6bn in 2009- $3bn to the US plans and $1.6bn to the non-US plans.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.