FTSE

The FTSE 100 dipped below the 5,000 mark this morning after a short-lived rally at the start of trading.

EUROPE - European stock markets have given up early gains, which had been triggered by the European Central Bank saying it intended to buy up government debt.

European stock markets have given up early gains, which had been triggered by the European Central Bank saying it intended to buy up government debt.

Pension funds are facing a "double whammy" as their reaction to falling asset values exacerbates a rise in liabilities, warns a fiduciary manager.

Top company directors receiving "gold plated" pensions; Markets dive mean pensions loose 4%; Your pension may be worth less than you think; BT pension fund goes green

The average director of a FTSE100 company has a final salary pension worth £3.6m and paying out £174,963 per year, the High Pay Commission says.

GLOBAL - Markets across the globe have fallen further this morning after a rout on major indices yesterday sparked fears of another recession.

Jonathan Stapleton predicts more pain for sponsoring employers

UK - The aggregate pension deficit for the UK's biggest companies dropped by 63% in the last year thanks to shifting indexation measures and continuing high levels of employer contributions.

Barclays has seen its UK pension scheme deficit drop by more than half in the last six months to £1.2bn.