It’s been more than 15 years since federal authorities put an end to Bernie Madoff’s massive and destructive Ponzi scheme but the Justice Department is only now distributing final compensation ...

With 83 per cent now closed, remaining schemes are gold-dust for employees The number of final salary schemes open to new members has dropped from a quarter last year to a record low, with barely a ...

Jeff Gordon is currently in his final year of full-time NASCAR Sprint Cup Series racing, and with the Chase for the Sprint Cup now upon us, Gordon’s retirement isn’t very far off. This week Hendrick ...

Chiefs at the Co-operative group have expressed surprise as unions have threatened strike action after they announced the closure of their scheme. The retail and banking group has said it will change ...

LONDON, April 20 (Reuters) - Aviva , Britain's No. 2 insurer, has opened talks with staff about closing its final salary pension schemes, which offer staff the most secure form of retirement income.

Legislation, regulation and financial turmoil have created a hostile environment for the survival of DB schemes Many sponsoring companies of final salary pension schemes are in a state of distress, ...

Companies could reduce the amount of money they need to pay into gold-plated pension schemes by as much as £30 billion if the government introduces a controversial "safety valve" that would leave ...

LONDON, Jan 28 (Reuters) - UK companies closed final salary-based pension schemes at a record rate last year as funds struggled against rock bottom returns on their staple investments and growing life ...

The final lessor creditor under Malaysia Airlines’ scheme of arrangement has given consent to that scheme as well as the carrier’s wider restructuring after previously facing challenges getting ...

Alternative investment firms and consultants are finding ways to boost the finances of Britain's deficit-laden final salary pension schemes as the two trillion pound ($2.64 trillion) sector grapples ...