The Cabinet Office claims to have made savings in procurement of £3.8bn compared to three years ago when the coalition government was elected. It is also claiming savings of £500m as a result of tighter IT spending controls and ...
High unemployment and the continued slowdown in economic growth in the Southern European crisis countries in particular is still hampering economic development in the European Union (EU). While the countries moving towards recovery are ...
Tags: GFK Consumer Climate, unemployment
A number of local government administering authorities have created a framework for the provision of pension software solutions and issued a tender worth between £3m and £30m. The Official Journal of the European Union tender ...
Tags: Software, Computer Products
Fujitsu has paid $1.2 billion into its pension funds for current and former U.K. employees, and renegotiated cuts to ongoing pension contributions, freeing up cash to grow other areas of its U.K. business, the company said Monday. The ...
Tags: Fujitsu, Fund Deficit, Electronics
British mutual life and pensions company Royal London has entered into a binding agreement to acquire Co-operative Insurance Society (CIS), the life insurance business of the Co-operative Banking Group. Additionally, the life and pension ...
Stephen Kelly (pictured), the government's chief operating officer, has abolished the role of government CIO, currently held on an interim basis by Andy Nelson, who is also CIO at the Department for Work and Pensions, as part of the ...
Tags: Computer Products
UK underwriter Aviva has agreed to sell Aviva Russia to Blagosostoyanie, a Moscow-based non-state pension fund, for a cash consideration of €35m. Subject to the approval of the Federal Antimonopoly Service of the Russian Federation, ...
Tags: Aviva, Blagosostoyanie, cash consideration
Recently, the annual figures of the national gross domestic products (GDPs) of various countries of the European Union (EU) were published. Most of them are not very favorable compared to those for Asian countries. Most of them show a ...
Tags: GDP, European Union, finance
Canadian underwriter Great-West Lifeco has inked an agreement with the government of Ireland to purchase Irish Life Group for $1.75bn and $1.25bn subscription receipts offering for common stock. Following the completion of the ...
Tags: Life Group, Lifeco, Irish Life
Barclays Corporate & Employer Solutions (C&ES) division has joined hands with Aegon and Zurich to offer a corporate pension platform, as part of its C&ES workplace savings offering. Aegon and Zurich will support the pension element of the ...
Standard Life is reportedly engaged in discussions with Newton Investment Management over a potential deal to acquire wealth management unit in a deal expected to be finalized around pound 90m. The deal is expected to be announced soon, ...
Tags: Standard Life, Newton Investment Management, wealth management unit
Government CIO Andy Nelson has been appointed as CIO at the Department for Work and Pensions (DWP). Nelson was appointed government CIO in April 2012 to add to his role as CIO of the Ministry of Justice (MoJ), which he started in ...
Food businesses need more government support to create a sustainable food system, according to a new report. Dan Crossley warned the ‘pass the buck’ mentality to food sustainability was harming consumers and the environment ...
Tags: Food businesses, government support, sustainable food system
GMB has pledged to resist compulsory job losses and changes to pensions at Pilkington Glass. The union has more than 500 members in St Helens and is undertaking a consultative ballot on proposed changes to pensions that could reduce final ...
Tags: Pilkington Glass, Float Glass, Solar Glass
Netherlands based insurer Aegon has agreed to acquire Eureko’s life insurance and pension business in Romania, further strengthening its operations in the Central and eastern European region. Financial terms of the agreement have ...
Tags: insurer, Aegon, life insurance