One of the UK's biggest pensions unlocking firms has been fined £182,000 for "systemic" failings in its sales process.

CHANCELLOR Gordon Brown could destroy pension savings if he succeeds Tony Blair as prime minister, experts warn.

HOLIDAYS, repaying debt and alternatives forms of investment all rate above saving for retirement when people find themselves with additional income, research shows.

A "barmy" market-related national pension savings scheme could be the biggest mis-selling scandal the industry has ever seen, Simplification Report author Alan Pickering warns.

Fears that flaws in defined contribution schemes will go undetected because of hysteria over a few failed final salary plans are unfounded, Fidelity International claims.

New players in the bulk annuity market are bringing fresh ideas but their solutions are far from complete, The Pensions Regulator claims.

Goldman Sachs trading revenues slump by 30pc; Private equity market competition ‘main danger' to deals; Hedge funds seek risky European high-yield bonds; Over-regulation hindering growth

Ministers are pushing through pension changes to make local authority work more attractive to private firms, a scheme manager claims.

GOLDMAN Sachs Asset Manage-ment has launched a new "Flex" range of long/short funds for institutional investors.

A FOURTH member of JPMorgan Asset Manage-ment's staff has left to join independent investment manager MPC Investors.