Pension fund "collapse", double dip on the horizon, and rail fares taking effect - here's your need-to-know business news roundup.
Private sector pension schemes have suffered a “seismic collapse” according to the Association of Consulting Actuaries.
The new report suggests nine-tenths of all defined benefit schemes are no longer accepting new entrants. [BBC]
The UK will return to recession this year according to directors.
A new report from Deloitte claims that more than 50 per cent of finance directors expect a double dip during 2012. [Telegraph]
Commuters saw the cost of their journeys increase yesterday with fare rises on public transport across the country.
Some rail users saw their tickets increase by 11 per cent, while tube and London bus fares also rose. [Guardian]