United Kingdom



New Tata Steel UK pension scheme to be set up after meeting minimum criteria

LONDON A new pension fund backed by Tata Steel UK , a unit of India's Tata Steel, will be set up after meeting minimum size and funding criteria, paving the way for the firm's merger with Germany's Thyssenkrupp .

Recent Pension News

British lecturers go on strike over pension changes

LONDON Lecturers at universities across Britain began a strike on Thursday in a row over changes to pensions, the first of a series of walkouts their union said would affect more than one million students.

UK, 23 Feb 2018

UK's pensions regulator ignored trustee requests on Carillion - MPs

LONDON Britain's pensions regulator twice ignored requests from trustees of collapsed outsourcing firm Carillion to force the company to plug its pension deficit, MPs said on Tuesday.

UK, Business, 20 Feb 2018

UK watchdog slow to stop 'vulture' advisers ripping off steelworkers - MPs

LONDON Britain's markets watchdog was too slow to prevent "vulture" financial advisers from ripping off steelworkers faced with critical decisions over their 14 billion pound pension pot, lawmakers said in a report on Thursday.

Business, UK, 15 Feb 2018

Meltdown raises fears of 'financial innovation the planet doesn't really need'

LONDON The global market turmoil of the past week has shone a light on complex trading instruments listed in the United States and Europe - a number of which have been taken off the market - which some investors blame for the scale of the disruption.


UK examining whether car-buyers are properly assessed for credit

LONDON Britain's Financial Conduct Authority (FCA) is investigating if firms are properly assessing whether customers can afford to buy the car they are offered on credit after concerns over such sales as demand cools and interest rates rise.