FOUR out of five of the UK's defined benefit schemes are closed to new entrants, a survey by the Association of Consulting Actuaries reveals.

Charlemagne Capital's Magna Africa Fund has reached e55m (£37.1m) in assets under management in its first three months.

MORE than three-quarters of 22-34 year olds expect to retire at 60 despite less than half having started saving for retirement, research shows.

GLOBAL - The UN staff council has unanimously voted to resist the move by pension fund CEO Bernard Cocheme to take over full responsibility of the fund.

TRUSTEES should be paid for taking on the responsibilities associated with the role, the chairman of the National Association of Pension Funds says.

THE Conservatives want prime minister Gordon Brown to take personal responsibility for the nation's pensions "crisis".

Law firm Hammonds is looking at the legal implications of workplace relationships at a series of seminars this month.

FINAL salary schemes have a collective surplus of £99bn, the first monthly solvency index from the Pension Protection Fund reveals.

Former Lil-lets workers have held a demonstration against the hygiene group over moves to slash pension benefits.

B&CE benefit rate up