Rising costs are encouraging more employers to scrap their final salary pensions leaving employees facing a much poorer retirement Falling stock markets and new tax rules are encouraging businesses to switch away from final salary pension schemes and condemning workers to a poorer retirement, according to a clutch of new reports. Last night, consultancy firm [...]

• Government faces £1tn retirement bill • Increase in civil servants adds to Treasury’s burden Calls for major reform of public-sector retirement schemes are expected to intensify this week, following a report that argues the cost of honouring pension promises to civil servants, teachers and nurses almost matches the UK’s national income. A survey of public-sector [...]

Researchers from the University of Valladolid have constructed a demographic and economic simulation model called ‘Carrión’, which projects the costs of pensions, Social Security contributions and GDP up until 2060.

Ministers will accept Lib Dem proposal to back public contribution to the generous scheme Gordon Brown has backed away from plans to increase the amount the taxpayer contributes to MPs’ pensions. Downing Street has indicated that ministers were willing to accept a Liberal Democrat proposal to cap taxpayer contributions to the scheme, which is already [...]

Considering how many MPs look set to “retire” after the Election it is jolly decent of them to scrap plans to take even more money from taxpayers to gild their pensions.

The true cost of public sector pensions has been estimated at £1.2trn or 85 per cent of Britains GDP. …

California Insurance Commissioner Steve Poizner on Monday ordered all insurance companies doing business in the state to report investments that might benefit Iran, investments he said harm national security as well as the state’s insurance buyers. Poizner… Sponsored Topics: Insurance - Steve Poizner - Iran - California - California Insurance Commissioner

SACRAMENTO, Calif. - Insurance companies in California will have 90 days to report all Iran-related investments.

SACRAMENTO, Calif. (AP) - California Insurance Commissioner Steve Poizner has ordered all insurance companies doing business in the state to report investments that might benefit Iran. Poizner said Monday that he wants to ensure that money paid by policyholders is not flowing to a U.S.-listed state sponsor of terrorism. He also wants to make sure [...]

Candover Investments shares jumped sharply after the private equity group said it had ended takeover talks with potential suitors.