News

NORWAY-The Ministry of Finance plans to spend an additional NOK9.5bn (US$1.5bn) in oil revenues as the global financial crisis continues to take a toll on the local economy, the Ministry said in its revised national budget on Friday.

Pension schemes conducted a total of £900m of buy-in and buyout deals over the first three months of the year, latest Hymans Robertson data reveals.

GLOBAL - Active management firms' revenue worldwide declined by 30% - 50% last year, Watson Wyatt research reveals.

Around 7000 holders of Standard Life unit-linked pension plans have received incorrect statements for the past seven years with one customer losing £30,000.

The number of people requesting retirement quotes in defined contribution pension schemes has almost doubled within a year, latest data from Aon Consulting.

Ortec Finance has officially opened its London office in a bid to expand its UK business.

Two-thirds of employers are missing out on massive National Insurance contribution savings by ignoring salary sacrifice arrangements, B&CE Benefit Schemes.

City minister Lord Myners has been criticised by the Treasury select committee for his role in the departure of Sir Fred Goodwin from Royal Bank of Scotland.

BT says sorry as losses spiral; Fujitsu arm shuts final salary scheme; Illogical tax relief; Jeremy Warner: Pension deficit may force BT break-up

Independent Trustee Services has appointed Martin Miles to its board.