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A hedge fund-backed bulk annuity provider which is targeting £10bn of larger scheme liabilities is set to launch in the autumn, Professional Pensions can reveal.

PENSIONS minister Mike O'Brien has accused the Conservatives of misleading scheme wind-up victims by blaming the government for the collapse of the "ill thought out" lifeboat fund proposal.

The first appointment to the fledgling personal accounts delivery authority is imminent and will not be a civil servant, the government says.

Badly-drafted pensions law is hindering corporate deal activity, a law firm claims.

Pension spending bereft

Meteor Asset Management has extended its range of growth plans with the launch of Prima Growth Plan 3.

Co-operative concerns

Ministers keep doing everything in their power to frustrate people who have lost pensions when their firms collapsed.

Turnover at Hymans Robert-son jumped 10pc to £33.5m in the financial year to the end of March, new figures show.

Government departments have taken the lead and broken new ground in encouraging flexible working, communication system provider Global Crossing claims.