News

Prospect has branded Ofgem's plans to shake up the way energy companies pass through pension costs as a "fudge".

Investment returns are becoming dominated by the emerging markets, Mercer says.

FRANCE - Investment returns are becoming dominated by the emerging markets, Mercer said.

Darling is forced to delay pension boost; Why we're all losing faith in our pensions; What to expect from the Pre-Budget Report

A small group of Television South West pensioners has been hit with a £228,000 bill for just 37 days' unwanted Pension Protection Fund cover, Osborne Clarke claims.

Follow all the announcements from today's Pre-Budget Report as they happen on PP Online from about 12.30pm.

Chancellor Alistair Darling is expected to delay the introduction of personal accounts for a year as part of spending cuts in today's Pre-Budget Report.

GLOBAL - Investors should be cautious in taking short positions on the US dollar despite signs the currency is becoming cheap against currencies such as the euro and the Australian dollar, State Street Global Advisors (SSgA) has warned.

SWEDEN - A new report to the Ministry of Finance on the efficiency of the Swedish AP funds suggests merging the four largest funds into a giant SEK745bn (US$105bn) pot and eliminating AP6, the smallest scheme.

UK - The aggregate funding position of the 7400 defined benefit funds monitored by the Pension Protection Fund (PPF) improved to a deficit of £92.5bn (US$150.7bn) in November.