News Tag: closed
January 13, 2010
Figures released by the Pension Protection Fund (PPF) revealed an improvement in the UK’s 7,400 defined benefit (DB) schemes in December, with the collective deficit falling to £33 billion in December from £92.5 billion the previous month.
The PPF said not only is this is an improvement on the month, it is significantly better than a year ago when the ...
PPF: DB pension scheme deficit falls in December
by Kay Murchie
January 4, 2010
Fears over the future of final salary pension schemes has reared its ugly head again after a report from the Association of Consulting Actuaries (ACA) revealed that nine out of 10 such schemes are now closed to new members.
The ACA, which questioned over 300 companies, found that employers continue to shy away from these high cost schemes with 87% of workplace final ...
Report reveals more pension woes
by Kay Murchie
October 13, 2008
Iceland had a disastrous week last week after the nationalisation of the country’s three largest banks. On Thursday, it announced that trading had been suspended on the OMX Nordic Exchange in a bid to prevent further crises.
It was expected that the stock exchange would reopen today but it remains closed due to ‘unusual market conditions‘.
Meanwhile, talks between Britain and Iceland ...
Iceland stock exchange remains closed
by Kay Murchie
September 26, 2008
Washington Mutual (WaMu) has been closed making it the largest failure of a US bank. WaMu’s assets have been sold to banking giant, JPMorgan Chase, for $1.9bn (£1 billion).
WaMu was closed by the Federal Office of Thrift Supervision (OTS), and the Federal Deposit Insurance Corp (FDIC) has been appointed receiver.
$16.7 billion of deposits had been withdrawn in the last 10 ...
Washington Mutual closed by regulators
by Kay Murchie
