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The majority of final salary schemes favour a high allocation to return-seeking assets such as equities despite recent market volatility Watson Wyatt has revealed.

PENSION schemes will no doubt be pleased to hear that the National Association of Pension Funds is considering launching a test case against HM Revenue and Customs in a bid to help them recover an estimated £300m in overpaid value added tax.

THE NATIONAL Association of Pension Funds is considering launching a test case against HM Revenue and Customs in a bid to recover up to £300m of VAT for UK schemes.

Fears over advice tiers

TOYMAKER Tonka is to wind-up its four UK pension schemes.

A "STRIKINGLY" small number of trustees represent the make-up of the British workforce because they are almost all men aged over 50, Hymans Robertson claims.

THE NATIONAL Association of Pension Funds is considering launching a test case against HM Revenue and Customs in a bid to recover up to £300m of VAT for UK schemes.

PUNTER Southall has launched a DC Survival Guide for firms switching to defined contribution plans.

Martin Currie has lost a £243m UK equity mandate from Skandia Investment Management.

TRUSTEES should prepare themselves in advance for the possibility of their sponsor company being taken over or merged with another firm, Hymans Robertson urges.