Press

Friends Provident shuts scheme to new members; Wellcome Trust issues bonds to tap into scheme demand; Permira plans to raise £7.6bn fourth fund; Scottish Power sparks fury with pension payout

FSA to monitor credit markets, ‘Reckless caution' damaging stock market; Pensions must invest more in commodities; Hedge fund slams EMI over Warner Music takeover proposals.

Pensions body warns of incentives to leave final-salary schemes; AHG increases De Vere offer; Pensions fund exodus signify low returns; Pensions funds should increase exposure to commodities

Pension compensation denial could spark constitutional crisis; WH Smith impresses industry with pension promise idea; Pension funds snub derivatives; FSA set to scrap more rules on pension advice

WH Smith to pump £50m into fund on demerger; Standard Life execs to benefit from low float price; 70% of firms offering final salary schemes consider closure; FSA fines fall; Ritchie elected president of the Faculty of Actuaries.

A daily round-up of the most important pensions stories in the national press today.

A daily round-up of the most important pensions stories in the national press today.