UK - Major firms are being forced to cut jobs to pay for spiralling pension costs. And employers warn the trend will continue unless employees and the government share the burden.
British Airways said it would lay off up to 5000 workers after its final salary scheme costs escalated to £133m a year. Royal Mail is also set to cut 3000 jobs by the end of March – part of a 30,000 cull...
UK - Government plans to cut a subsidy boosting the appeal of solar panel infrastructure investments could scupper scheme plans to use these investments as part of their liability matching strategies, fund managers say.
UK - Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.
UK - The Pension Protection Fund has published its annual report - revealing a surplus of £678m ($1.1bn) at 31 March.
UK - Schemes looking to maximise returns in a low interest rate environment must work closely with investment banks to boost member outcomes, Barclays chief executive Bob Diamond says.
UK -More than 40% of firms have closed or are in the process of closing their defined benefit pension schemes, latest research from Aon Hewitt shows.