Shareholders warn Vodafone over acquisition; GLG Partners to appeal against fine; Sterling unlikely to sustain $2 exchange rate

TRUSTEES who "surrender trust power too quickly" to the Pension Protection Fund could face legal action from members, a law firm warns.

THE PRIVATE sector pensions deficit has reached £500bn, new research shows.

LONG-ONLY mandates will become a thing of the past as schemes are poised to shift more assets assets into absolute return strategies and liability-driven investment, consultants claim.

TWO-thirds of workers want to work flexible hours even though it could affect their careers, a new study reveals.

SCHEMES could lose millions of pounds if they do not act now to claw back taxes European courts have declared illegal, experts claim.

CYPRUS - Hewitt Associates has opened a new office in Nicosia, Cyprus, bringing the number of European countries in which Hewitt has operations to 17.

NORWICH Union has tracked down more than half of the 1000 former fishermen owed pensions from a scheme which collapsed when fishing declined.

UK - The £700m London Borough of Southwark Pension Fund has awarded global equity mandates to Alliance Bernstein and Newton Investment Management.

THE GOVERNMENT is frustrating challenges to vital points of pensions law by failing to offer plaintiffs legal aid, a leading pensions lawyer says.