Recession

Companies have continued to increase contributions to DC schemes despite the recession, a survey by Mercer reveals.

The UK economy contracted by less than expected between April and June, according to the Office for National Statistics (ONS).

Most employees expect to delay their retirement as a result of the recession, Aon Consulting research suggests.

The beleaguered UK economy is showing signs of growth after four quarters of contraction, Bank of England Governor Mervyn King has said.

Japan has joined a host of countries which have escaped the grip of recession, yet Aberdeen Asset Management warns the nation's problems are more deeply entrenched than its peers.

Hong Kong's economy has become the latest to announce it is growing again and is no longer a part of the global recession.

The head of the FSA, Hector Sants, says politicians must take responsibility for setting pay caps if they deem them "morally" necessary, and that not only bankers should be subject to such restrictions, reports the Telegraph.

Two of Britain's biggest insurers are poised to slash dividends this week, potentially derailing the stockmarket's blockbuster summer rally, The Times reports.

The worst of the economic downturn is over, but recovery is expected to be painful and sluggish, according to the Bank of England's Monetary Policy Committee.

The recession is having a distinct effect on the usage of employee assistance programmes (EAP) in the workplace through employees feeling increasingly stressed, according to Canada Life.