Business Analysis: Turner &amp; Newall pensions crisis leaves ...
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The crisis in the UK occupational pensions sector seemingly scaled new heights this week as Federal Mogul, the insolvent American car parts manufacturer, finally pulled the plug on the pension fund of its UK subsidiary Turner &amp; Newall.
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More thoughts on the ups and downs of this retirement-savings option.
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The stark choices facing the coming generation of pensioners will be spelled out in a devastating new report. It will end once and for all the cosy
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The TUC has warned of more industrial action unless the government acts to ease the growing pension crisis. What do you think?
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Business & money: Second consecutive monthly drop signals market is cooling off, Nationwide building society says
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By Malcolm Moore, Economics Correspondent (Filed: 28/08/2004). The US may not be able to fund its pensions and healthcare commitments, and must make changes soon, Alan Greenspan, chairman of the Federal Reserve, warned yesterday.
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Business & money: Shakeup after Â£11.1bn takeover by private equity group KKR and former deputy chairman Pessina.
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Business & money: Larry Elliott: The Bank of England's support for Northern Rock has rekindled memories of the secondary banking crisis of 1973.
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Britain faces a huge pensions crisis which must be tackled immediately to avoid future generations of the elderly seeing their incomes slashed by around 30 percent compared with those nowadays, an official report warned.
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Collins Stewart Tullet, a British financial services company, outlined plans to break up to help it capitalize on a growing number of small American companies that are going to London for public listings. The company said it would separate its retail stockbroker and its institutional broker by year-end and return Â£300 million ($564 million) to shareholders. All the companyÂs United States equities business has been moved to the stock brokerage arm, Collins Stewart, which is building its presence in the United States. The company also reported results, saying profit more than doubled in the first half of the year, to Â£68.5 million ($128.8 million) from Â£26.1 million a year earlier.
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Work longer, save more, pay higher taxes or accept poverty in old age. That is the blunt message delivered by the long-awaited report of the Pensions Commission into Britainâs yawning pensions crisis.
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Financial institutions are devising new products on &quot;longevity risk&quot; faced by pension funds that could mushroom into a multi-trillion dollar global market based in London.
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International Business Machines Corp. has shut its cash-balance pension plan to new employees, CBSMarketwatch.com reports. Instead, new employees can contribute 6 percent of their
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A DAMNING report into the growing pensions crisis will today warn of stark choices facing the next generation of workers in Wales.
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Last week&#39;s disclosure by International Business Machines Corp. that it will close its traditional pension plans to new employees and give the new hires only a 401(k) plan is more than
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Final salary pension schemes' finances have been dented by the credit crunch, the Pension Protection Fund says.
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Unions representing workers at Turner & Newall say they are 'disappointed' after talks with stricken parent firm Federal Mogul.