Keep up to date with the latest actuarial and finance news in our weekly round-up…

 

Markets slide after recession fears sparked sell-off

Markets in Europe slid on Thursday following a turbulent day on US and Asian stock exchanges, fuelled by investor fears of a global recession.

Top US bosses earn 278 times more than their employees

Chief executives earned an average $17.2m each last year and their pay grew more than 1000% since 1978, survey finds.

FTSE 350 pension deficits plummet

The UK’s largest listed companies have seen their pension deficits fall by almost a third over the last year, with nearly half of schemes now running a surplus.

Turkish army pension fund set to buy British Steel

The Official Receiver is to announce this week that an investment arm of Turkey’s armed forces pension fund is the preferred bidder for British Steel.

NGOs urge Marsh, Aon to withdraw as coal advisers

Environmental NGOs are asking brokers Marsh Inc. and Aon PLC to withdraw as advisers to a proposed $2.6 billion Vietnamese coal-fired power station.

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