News

Final salary schemes could be among casualties of the fallout from the US sub-prime mortgage crisis, consultants warn.

Balanced pooled funds saw median returns of -0.3pc in August, BNY Mellon Asset Servicing's latest CAPS figures reveal.

Journalists at a regional newspaper group have been given salary increases following the closure of their final salary pension scheme.

High street retail chain BHS has updated its paper-based flexible benefits package to an online system from Vebnet.

A Chinese delegation has held talks with The Pensions Trust on pension provision for smaller and not-for-profit organisations.

Investment managers are failing to make full use of derivatives - despite their growing popularity - due to "operational limitations", research shows.

Employee discount specialist Asperity has launched a new Christmas incentive product to meet employers' demands for better value from incentive gifts.

Schemes have bought more derivatives so far this year than in the whole of 2006, Watson Wyatt says.

Watson Wyatt retained

The Conservatives will set up a pensions lifeboat fund to compensate scheme wind-up victims within three months of winning the next election, the party says.