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TRUSTEE guidance from The Pensions Regulator should supplement new draft regulations on pensions transfer values, the Actuarial Profession says.

The government's open market option review is widely expected to suggest the annuity market would work better if all providers followed a voluntary code.

DEMERGER activity could be constrained by pension scheme problems because splitting funds could leave firms liable to section 75 debt payments, a law firm warns.

London Underground workers have called off strike action after unions claimed a "significant victory" in a dispute over ill-health pensions.

PENSION deficit volatility will continue despite an improving trend in funding levels, Mercer Human Resource Consulting says.

UNION negotiators have warned of industrial action unless staff transferred in the sale of BBC Resources retain final salary pension provision. The warning followed complex discussions on terms and conditions for the 1000 staff.

Merger talks ditched

Asset manager Meteor has unveiled a new five-year plan which, it says, enables schemes to create a simple core portfolio.

Pensions specialist L&C Pensions has become the first provider to get the go ahead to run the new diploma in member-directed pension scheme administration.

SIEMENS staff working on BBC contracts have voted overwhelmingly to defer pension contribution increases and accept a pay offer.