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Truell deal over Telent scheme

News  |  www.ft.com | 4 hours 14 minutes ago

Edmund Truell’s Pension Corp has reached a deal to repair the £450m-plus deficit in the pension scheme of Telent, the rump of the former GEC Marconi business, which the specialist pensions buy-out firm took over in early 2008.

http://www.ft.com/cms/s/5ebc01da-d931-11de-b2d5-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F5ebc01da-d931-11de-b2d5-00144feabdc0.html%3Fftcamp%3Drss%26nclick_check%3D1&_i_referer=&ftcamp=rss&nclick_check=1

Telent closes final salary pension scheme to existing members

News  |  www.telegraph.co.uk | 5 hours 36 minutes ago

Telent, a remnant of the old Marconi, has joined the growing list of UK companies closing their final salary pension schemes to existing members.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6646844/Telent-closes-final-salary-pension-scheme-to-existing-members.html

Japan Airlines proposes slashing pension benefits more than 40%

News  |  www.routesonline.com | 5 hours 40 minutes ago

Japan Airlines President Haruka Nishimatsu yesterday told former employees that the company's pension benefits must be cut significantly to enable it to become sustainable long-term. Posted 24/11/2009

http://www.routesonline.com/news/24/atw/53446/japan-airlines-proposes-slashing-pension-benefits-more-than-40/

Record number of older workers forced to shelve retirement plans ...

News  |  www.dailymail.co.uk | 6 hours 8 minutes ago

More than 70 per cent of workers aged 55 and above said the financial crisis has left them with no option but to shelve their retirement plans. More than 70 per cent of workers aged 55 and above said the financial crisis has left them with no option but to shelve their retirement plans.

http://www.dailymail.co.uk/news/article-1230563/Record-number-older-workers-forced-shelve-retirement-plans-financial-crisis.html?ITO=1490

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Russia to put $0.7 bln pension cash in corp bonds

News  |  uk.reuters.com | 13 hours 13 minutes ago

MOSCOW, Nov 24 (Reuters) - Russian state bank VEB will invest 20 billion roubles ($695 million) from the state pension fund into high-rated corporate bonds by the end of the year, a Finance Ministry official

http://uk.reuters.com/article/idUKGEE5AN1YH20091124?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FUKBankingFinancial+%28News+%2F+UK+%2F+Financial+Services+and+Real+Estate%29

Sharp rise in number of people who plan to work past retirement age

News  |  www.personneltoday.com | 14 hours 2 minutes ago

The proportion of older workers planning to work beyond the state pension age has increased dramatically in the past two years, research has revealed.

http://www.personneltoday.com/articles/2009/11/24/53134/sharp-rise-in-number-of-people-who-plan-to-work-past-retirement.html

Pension funds hit by recession

News  |  www.fairinvestment.co.uk | 16 hours 35 minutes ago

Meanwhile, as a result of the recession, 23 per cent of people said that in the past year they have had to cut their outgoings to enable them to save enough for their retirement.

http://www.fairinvestment.co.uk/news/pension-news-Pension-funds-hit-by-recession-18470167.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FairInvestmentCompany%2Fpension+%28Fair+Investment+Company+-+Pension%29

Pensions levy a danger for firms (From The Bolton News)

News  |  www.theboltonnews.co.uk | 18 hours 2 minutes ago

THE president of Greater Manchester Chamber of Commerce has warned that the rocketing pensions levy on business could damage UK recovery.

http://www.theboltonnews.co.uk/news/business/boltonbusiness/4756085.Pensions_levy_a_danger_for_firms/?ref=rss

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