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Pension scheme deficits have improved by £38bn in the past 12 months, according to Aon Consulting.

The Society of Pension Consultants has welcomed efforts to move forward with practical preparations for personal accounts.

The European Commission is carrying out a major investigation into the UK crown guarantee for the BT pension scheme.

The loss of the Pearl Staff Pension Scheme mandate will cost Henderson around £2m a year in revenues and £1.8bn in assets, new figures show.

A new firm has been launched to help trustees and managers select their investment consultant.

The Pension Protection Fund has rejected claims it "moved the goalposts" by raising the cut-off point for schemes paying its risk-based levy.

HERMES has confirmed the appointment of Rupert Clarke as chief executive and announced a £50m investment programme to help create a multi boutique investment management business.

South African stake

THE CONSERVATIVES have lodged a formal complaint against Personal Accounts Delivery Authority chairman Paul Myners for launching a "political attack" on the party.

Unite has launched a boycott of Lil-lets and Simple products over their private equity owners' policy on enhanced pension benefits for staff made redundant.