THE decision to scrap stamp duty levied on non-residential exchange-traded funds has been welcomed by the London Stock Exchange and fund managers.

A "minefield" of complicated legislative changes has seen company debt owed to schemes overvalued by as much as 30pc, lawyers claim.

TRUSTEE champion Brian Holden has urged firms to boost funding for trustees to enable them to carry out their duties properly.

ANNUITY and income drawdown purchases have reached a record high after a 32pc growth in the last quarter, new figures reveal.

Barclays Global Investors has launched the first UK government bond exchange-traded funds available to UK investors.

US - American Airlines has made an additional US$100m contribution to its employees' defined benefit pension plan on top of the $223m minimum required pension funding obligations for 2006.

Norwich Union is trying to trace more than 1000 former fisherman owed pensions from a scheme which collapsed when fishing declined.

THE CARBON Disclosure Project is urging more schemes to support its latest request for companies to reveal details of their greenhouse gas emissions.

MORE than half of independent financial advisers have disregarded products because they considered the provider was not strong enough to support them, new research reveals.

PLANS for a new NHS pension scheme face a high risk of failure, the British Medical Association warns.