UK unions notify Tata Steel of industrial action on June 22

Last Updated: Wednesday, June 10, 2015, 20:48

Tata Steel on Wednesday said trade unions have informed it on their plans for industrial action at all its plants across the UK over the firm's proposal to revise the British Steel Pension Scheme (BSPS).

HP pays $100 mn to settle shareholder class-action suit

Last Updated: Tuesday, June 9, 2015, 17:28

Dutch pension fund manager PGGM said on Tuesday Hewlett-Packard had agreed to pay $100 million to settle a class-auction lawsuit relating to the company`s 2011 acquisition of Autonomy, a "big data" analysis company.

UK unions for strike action against Tata Steel from June 22

Last Updated: Monday, June 8, 2015, 19:49

UK trade unions - Community, Unite, GMB and UCATT - Monday announced "strike action" against Tata Steel over its proposal to scrap the British Steel Pension Scheme (BSPS).

PFRDA changes investment norms in NPS schemes for govt sector

Last Updated: Friday, June 5, 2015, 22:51

Pension fund regulator PFRDA has changed investment guidelines for NPS schemes applicable to government sector raising investment cap in debt and related instruments by 5 percent to 45 percent.

UK Unions to meet on Monday over strike action at Tata Steel

Last Updated: Thursday, June 4, 2015, 21:25

Trade unions -- Community, Unite, GMB and UCATT -- will meet next week on Monday to decide on the "strike action" on Tata Steel's proposal to scrap the British Steel Pension Scheme (BSPS).

David Cameroon wades into Tata Steel strike threat

Last Updated: Wednesday, June 3, 2015, 23:43

British Prime Minister David Cameron Wednesday said his government has started discussions with Tata Steel over a strike threat by its workers in the UK over a pension row.

Japan pension system hacked, 1.25 million cases of personal data leaked

Last Updated: Monday, June 1, 2015, 18:10

Japan`s pension system has been hacked and more than a million cases of personal data leaked, authorities said on Monday, in an embarrassment that revived memories of a scandal that helped topple Prime Minister Shinzo Abe in his first term in office.

Tata Steel warns of shortfall of 2 bn pounds in pension scheme

Last Updated: Friday, May 29, 2015, 19:47

Tata Steel in the UK on Friday warned its employees that the new pension scheme is heading for a huge shortfall of 2 billion pounds (USD 3 billion) as unions prepared to announce the results of a ballot to determine industrial action against the Indian steel giant.

Tata Steel says union's proposal unfair; warns $3 bn shortfall

Last Updated: Friday, May 29, 2015, 19:03

Facing with USD 3 billion shortfall in pension funds in UK operations, Tata Steel on Friday said that any industrial action against its proposed changes in the pension scheme will be "self-defeating" and will "jeopardies" a sustainable business in country.

RBI asks co-operative banks to appoint nodal officers for APY

Last Updated: Thursday, May 21, 2015, 23:34

The Reserve Bank Thursday asked Urban co-operative banks to appoint nodal officers for implementation of the government's flagship scheme, Atal Pension Yojana (APY), which provides for a minimum pension of Rs 1,000-5,000, depending upon contribution.

Revamped CPSE ETF by October; EPFO, NPS to park fund

Last Updated: Thursday, May 21, 2015, 16:04

The Finance Ministry is planning to launch a revamped and retail investor-friendly CPSE Exchange Traded Fund (ETF) by October in which cash rich EPFO and NPS could park their money along with individual investors.

Tata Steel Pension Row: Another UK trade union joins fight

Last Updated: Wednesday, May 20, 2015, 21:25

The UK's largest trade union Unite Wednesday announced holding a ballot for industrial action over Tata Steel's proposal to close the British Steel Pension Scheme (BSPS), even as the firm said it has "initiated action on de-risking its exposure to the scheme."