The number of hedge fund portfolios closing last quarter rose for the first time in over a year, with funds of hedge funds leading the way.
N Rock to slash workforce ahead of sale; Benefits and pensions targeted to cut deficit
The Pensions Regulator has launched a campaign to improve the monitoring of scheme funding and employer covenants.
Nationalised bank Northern Rock has confirmed it will close its final salary scheme to future accruals as part of a cost-cutting exercise.
UK - Nationalised bank Northern Rock has confirmed it will close its final salary scheme to future accruals as part of a cost-cutting exercise.
ITALY - The European Commission has once again put pressure on Italy to equalise the pension age of men and women, asking the country to move up its plans to have employees retiring at the same age by six years to 2012.
The cost of implementing the new high earners' pension tax regime will spiral to £2.5bn - a figure seven times that originally estimated by the Treasury, Standard Life warns.
Unions have threatened World Cup sponsor Coca-Cola with strike action because they are not being consulted on changes to workers' pay and pensions.
UK - Unions have threatened World Cup sponsor Coca-Cola with strike action because they are not being consulted on changes to workers' pay and pensions.
Seven-out-of-10 employers believe reducing pensions tax relief for higher earners will jeopardise pensions for the wider UK workforce, PricewaterhouseCoopers says.