UK - Media giant News Corporation has revealed a £367m black hole in its defined benefit pension scheme.
The group – which is owned by media mogul Rupert Murdoch – said the deficit had almost doubled for the year to June compared to the 2001-02 financial year.
The group reported a 23% increase in operating profits to £1.8bn.
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.