News

UK - Cable & Wireless (C&W) and Prudential have signed the first £1bn (US$1.8bn) bulk annuities pension deal.

THE Serious Fraud Office has confirmed another residential address has been raided in connection with its ongoing investigation into trustee firm GP Noble.

Publisher St Ives has closed its defined benefit pension scheme to future accrual.

Pension Insurance Corporation has completed a £42m buyout of the UK Can Pension and Assurance Plan - lifting the scheme out of the Pension Protection Fund.

Top UK directors are to retire on pensions of more than £200,000 a year, latest figures from the Trades Union Congress reveal.

The Pensions Regulator has used its powers to force Duke Street Capital into contributing towards a scheme of a company it owned last year.

GLOBAL - OECD countries have been warned of the growing importance of developments in non-OECD economies, as they attempt to ride out the effects of a "near-perfect storm".

GLOBAL - Total assets of the world's largest 300 pension funds grew by over 14% in 2007 to around US$12trn, according to Watson Wyatt.

INCLUDING: UK - Watson Wyatt consultant appointments; IRELAND - ACE launches Irish trustee protection product; UK - Henderson announces CIO; UK - Inflation reaches 9% for pensioners

Fresh pension fund fears; More Economic forecasters predict recession over the next 18 months; Economy: OECD predicts UK recession this year