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PRUDENTIAL has launched a new lower cost self-invested personal pension with direct access to the Cofunds funds supermarket.

LOCAL authority pension schemes have seen mean funding levels increase by 11.4pc since 2004, Professional Pensions can reveal.

THE Occupational Pensions Defence Union and ACE European Group have joined forces to offer trustees a comprehensive trustee indemnity insurance policy.

THE buyout market saw £2.2bn of deals in the first quarter of 2008, Aon Consulting research reveals.

THE aggregate funding position of the 7800 defined benefit schemes monitored by the Pension Protection Fund improved to £30.3bn at the end of April, latest figures reveal.

INEOS and Unite have agreed to begin talks over the pensions of 1200 workers at the Grangemouth refinery.

Swiss federal pension fund, PUBLICA, saw its assets shrink nearly CHF600m last year to CHF32.5bn at the end of 2007, resulting in a 2.1% decrease in the funding ratio to 106.7%.

INDEPENDENT Trustee Services Limited it has been appointed to act for six schemes.

AT least 10 of the UK's biggest firms are looking at buying out some or all of their scheme liabilities, Lane Clark & Peacock research reveals.

The Society of Pension Consultants is set to transfer some of its historical records to The Pensions Archive Trust.