News/Insurance
PBGC deficit triples to record $33.5 billion
The US Pension Benefit Guaranty Corporation (PBGC) has posted a record deficit of $33.5 billion for the six months to March 31, tripling its previous deficit of $11 billion for the 2008 financial year.
CME acquires hurricane index
CME Group has acquired the Carvill Hurricane Index from Carvill America Inc. and renamed it the CME Hurricane Index.
Time ripe for inflation investments and hedges, says Sinopia chief
The launch of a variety of fiscal stimulus packages by Asian and western governments combined with quantitative easing by some central banks has renewed concerns about the risk of significant increases in future inflation rates around the world.
Pensions before dividends, UK regulator orders
The UK Pensions Regulator has warned companies they should not continue paying shareholder dividends at the expense of their pension schemes.
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Tarp runs out at last
Funds from the Troubled Asset Relief Program (Tarp) have finally been exhausted, following three months of capital injections and loan facilities extended to a variety of institutions.
UK pensions fell further into deficit in November
UK defined-benefit pension schemes are now £136 billion in deficit as of the end of last month, significantly worse than the £97.3 billion deficit at the end of October.
Contenders queue up for Tarp funds
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Contenders queue up for Tarp funds
An increasing number of organisations are applying for the $250 billion Capital Purchase Program (CPP), part of the US government's $700 billion Troubled Asset Relief Program (Tarp).