Low-paid workers need a Legal Aid-type system to give them pension and other financial advice, GE Life says.

Gilts hits record levels; American takes Credit Suisse top job; Gartmore trust aims to thwart Carrousel; Investors rush back to gold

SCHEMES lost more than £2bn in the Far East last year by failing to hedge their exposure to the weak yen, experts say.

THE ACTUARIAL Profession has issued a warning in a bid to ensure scheme members are provided with appropriate information when considering exchanging pension for a cash sum at retirement.

ADULT financial literacy is crucial if "pensions Armageddon" is to be avoided, Life Academy chairman Alan Pickering believes.

Scheme sponsors are looking at new ways to entice members to leave their schemes after HM Revenue and Customs clamped down on tax breaks, PP has learned.

Millions of workers could pay little or no income tax if employers allowed them to make full use of A-Day flexibility, JPMorgan Invest claims.

SWITZERLAND - Credit Suisse's asset management division said its income had fallen 50% to CHF 508m (€312.5m) in 2006 due to lower returns and higher operating expenses.

SCHEME use of inflation-linked derivatives doubled in 2006, Watson Wyatt Investment Consulting says.

ABI study links bad practice to lagging share price; CBI defends private equity against unions; UK tops European venture capital deals