Prime minister-in-waiting Gordon Brown has been accused of snatching £11bn from workers who opt out of the state second pension in favour of private arrangements.

BALANCED pooled funds achieved a median return of 2.7pc in May, latest CAPS figures from Mellon Analytical Solutions reveals.

Professional Pensions is backing a new campaign to set up a taskforce of "industry heavyweights" to tackle key trustee issues including structure and regulation.

Global inflation fears could trigger a major shift in asset allocation towards new investments such as sovereign wealth funds, Legal & General Investment Management believes.

ASSURANCES operational schemes will be exempt from personal accounts mean "group personal pensions are here to stay", Legal & General says.

EVERSHEDS head of pensions Anthony Arter said the contribution cap was good news for business but questioned if the measures went far enough.

The Romanian government's decision to issue leu-denominated bonds is likely to attract significant investor interest from UK schemes, Baring Asset Management believes.

The government has denied reports that a quarter of council tax will go towards paying the pensions of town hall staff.

Ministers have been accused of putting the needs of the pensions industry before savers by setting the personal account contribution cap at £3600.

A searchable database on how fund managers vote at annual general meetings has been set up by the Trades Union Congress.