Scheme managers are against giving members greater access to benefits at key points in their lives, an exclusive survey by Professional Pensions reveals.

THE PENSION Protection Fund is set to charge schemes £675m next year in a bid to shore up its finances.

UK - It is essential the new pension savings scheme proposed by government complement, rather than replace, the current pension provision, the NAPF has claimed.

CANADA - The Caisse has acquired 401.54 million shares in Magistral Biotech through a reverse take-over.

US - The New York City pension funds have urged six US companies to change their board of directors election process so that they take place an annual basis.

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

SOME 58pc of the UK's defined benefit schemes are closed to new members, with a total deficit of £33.8bn, research shows.

SCHEMES are set to receive rebates of £7.5m after settlement house CrestCo reduced fees paid in 2006 by around 10pc.

IFAs reveal concerns

THE £3.6bn Pensions Trust has reappointed Northern Trust as its global custodian and asset servicing provider.