News

Mitchells & Butlers will introduce a salary cap of 2% to its defined benefit pension scheme in a bid to curtail increasing liabilities, its interim results reveal.

Sandy Crombie named as RBS senior director; Pensions Cap; Gurkha veterans told they can settle in Britain; British Airways makes worst ever loss

Complaints to The Pensions Advisory Service have shot up 10% in the past year with many people suffering financial loss due to annuity transfer delays.

British Airways has told investors additional increases in its pension deficit could affect its ability to raise additional funds.

The Professional Pensions Investment Conference 2009 has had a strong response from pension funds and their advisers with several sessions now approaching capacity.

US - The New York City Teachers' Retirement System (NYCTRS) has become the fourth New York City pension fund to ban the use of placement agents.

Work and pensions secretary James Purnell is the latest cabinet minister to be named in the on-going parliamentary expenses investigation by the Daily Telegraph .

Dairy Crest will slash dividends by 25% to help fund the additional cash contributions to its pension scheme, the company confirms.

Gissings Consultancy Services has launched a no fee consultancy service designed for schemes valued between £10m and £50m.

Proposals by Fujitsu Services to close its final salary scheme to existing members will mark the beginning of another wave of scheme closures, consultants say.