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The pension liabilities of the top 300 European companies have fallen by e80bn (£55.35bn), research from Merrill Lynch shows.

Scottish Life is expanding its pension product portfolio to include an integrated income release plan which allows members to access tax-free cash while still making contributions.

The Pensions Advisory Service has welcomed its newly extended role in guiding people through retirement income options as announced in the pre-budget report.

Merchant Investors has revamped its transfer pension portfolio package to give members of occupational schemes in wind-up more flexibility.

Proposed changes to the Financial Assistance Scheme are too little too late and represent nothing more than "reluctant concessions for political expediency", the Occupational Pensioners Alliance says.

Minister needs a lesson in responsibility

Increasing longevity may not be the biggest problem facing pension schemes, National Association of Pension Funds chairman Chris Hitchen says.

HSBC Actuaries and Consultants has appointed Richard Reid as chief executive officer to take over from Alan Fishman who will retire at the end of the year.

Pensions minister Mike O'Brien has accused Conservatives of scaremongering over reform.

Software specialist Strait Logics has celebrated its 10th anniversary.