PM backs chancellor's ‘tough decision' in 1997 Budget

A QUARTER of small and medium-sized businesses do not review the investment performance of staff pensions, a survey says.

THE personal accounts contribution cap should not exist purely to protect providers from extra competition, the work and pensions committee has concluded.

ANNUITY rates have dropped 14pc in the last five years, new research reveals.

ABERDEEN Asset Management won £7.3bn of new mandates during the five months to February 28, a company trading statement reveals.

SHAREHOLDERS in the fresh crop of bulk annuity buyout firms are poised to stump up more capital to meet a surge in demand, the new insurers say.

BUPA Group Risk has launched an online system which enables intermediaries to generate a quote and purchase cover within 30 minutes.

LANE CLARK & PEACOCK has appointed six partners and one principal to strengthen its actuarial consulting teams in London and Winchester.

PENSION funds will become the biggest investors in commodity markets in the coming years, the Financial Services Authority predicts.

HEDGE funds posted negative returns in March, according to a leading index.