Mastercard and Visa lost a bid on Wednesday to fend off a class action from retailers over unlawful card payment fees by arguing that the merchants didn't suffer loss because they passed on the charges.
Mastercard and Visa lost a bid on Wednesday to fend off a class action from retailers over unlawful card payment fees by arguing that the merchants didn't suffer loss because they passed on the charges.
A London tribunal has upheld a decision by the financial services regulator to ban two pensions company bosses from working in the sector after concluding that they had "recklessly" funneled savers' money into a high-risk property investment.
The U.K. pension plan of a subsidiary of International Business Machines Corp. has completed a £700 million ($950 million) buy-in transaction, securing the retirement benefits of more than 3,600 members, Standard Life said on Wednesday.
A markets watchdog called on lawmakers Wednesday to adjust proposed revisions to European sustainability reporting standards to better protect consumers and stop the risk of greenwashing.
European technology giant Sopra Steria Ltd. has agreed to a £113 million ($154.4 million) buy-in with Pension Insurance Corp. PLC to secure long-term retirement income for its program's 355 members, the insurer said Wednesday.
The pension plan for Noble Denton, an adviser to the oil and gas exploration industry, has agreed to a full scheme buy-in worth £11.4 million ($15.5 million), securing the retirement benefits of 106 members, an insurer broker has said.
