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PATERNOSTER sales have grown 35pc in the first quarter of the year to £520m compared with £131m the same period in 2007.

TRUSTEES of the UK Paper Employee Benefit Scheme and M-real Corporation have chosen Legal & General to buyout the £180m fund.

INDEPENDENT organisation the Life Trust Foundation has been launched to "diffuse the ticking time bomb" of longevity.

SWITZERLAND - USB has issued CHF15bn (US$14.7bn) of capital following calls from shareholders, including Swiss pension fund Profound.

The Pension Scheme of the Year and Specialist and Alternative Investment Manager awards will be held on September 11 and November 28 respectively.

Trustees of schemes which are closed to new entrants should challenge actuarial valuations to ensure investment risk is properly minimised, Hamish Wilson & Co says.

Plans to merge the Institute and Faculty of Actuaries are being challenged by a group of Scottish-qualified actuaries.

THE National Association of Pension Funds has announced the results of elections to its benefits and investment councils.

MORE than 12,100 people are now receiving Pension Protection Fund compensation or will receive it in the future, the lifeboat fund says.

THE Pensions Management Institute's Spring programme offers top quality speakers addressing current hot topics in bite size portions.