Pensions Minister Malcolm Wicks has told BBC Wales he did not not want to raise expectations of compensation for the 800 former Allied Steel and Wire (ASW) workers who lost their jobs and pension entitlements when the company collapsed in July 2002.

BBC: NEWS | UK | Wales | Bill 'no help' for ASW workers

The case has been brought by unions representing former employees at Allied Steel and Wire (ASW) and United Engineering Forgings (UEF).

BBC: NEWS | Business | EU rules on bust pension schemes

Mikkal Herberg, a former oil executive, told the wire service that Iran today offers rates of return of between 6-10 percent to foreign investors.

CENTERFORSECURITYPOLICY: Bankrupting Iran is not enough