Last week, Barclays was fined £290m for trying to manipulate LIBOR in a bid to make itself appear more secure during the financial crisis.
In response to the LIBOR manipulation fine, Barclays said the actions “fell well short of standards”. Chief executive Bob Diamond said he would give up his bonus and, on Monday morning, Barclays chairman...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.