News

The Pension Protection Fund will take over the role of scheme manager for the Financial Assistance Scheme this summer, latest regulations reveal.

Trustees must be careful not to force companies to meet "unaffordable" contributions in the current economic climate, Royal Mail Pensions chief executive Gerry Degaute says.

UK - British Airways and BT could cut dividends in a bid to reduce pension deficits, in line with advice produced by the Pensions Regulator.

FRANCE - BNP Paribas has become the latest financial institution to scale back its pension team.

US - Activist pension fund group Change to Win (CtW) has called for the chairman and chief executive of Bank of America (BoA) to resign - citing a share price collapse and failures of risk management.

UK - Against a backdrop of deepening crisis that continues to cause severe strains to economies worldwide, Royal Mail Pensions Trustees chief executive Gerry Degaute says there is little to be happy about for UK pension schemes.

CANADA- Robert Tessier has joined Caisse de dépôt et placement du Québec as chairman.

In the latest of our series of fortnightly interviews with scheme managers, GIOVANNI LEGORANO talks to Royal Mail Pension Trustees chief executive GERRY DEGAUTE about the problems posed by the current economic environment and how they can be addressed...

BNP Paribas has become the latest financial institution to scale back its pension team.

British Airways and BT could cut dividends in a bid to reduce pension deficits, in line with advice produced by the Pensions Regulator.