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Prime minister-in-waiting Gordon Brown has been accused of snatching £11bn from workers who opt out of the state second pension in favour of private arrangements.

Global inflation fears could trigger a major shift in asset allocation towards new investments such as sovereign wealth funds, Legal & General Investment Management believes.

EVERSHEDS head of pensions Anthony Arter said the contribution cap was good news for business but questioned if the measures went far enough.

The government has denied reports that a quarter of council tax will go towards paying the pensions of town hall staff.

Ministers have been accused of putting the needs of the pensions industry before savers by setting the personal account contribution cap at £3600.

A searchable database on how fund managers vote at annual general meetings has been set up by the Trades Union Congress.

Campaigners have lodged papers for a second judicial review into the government's rejection of the parliamentary ombudsman's report on the collapse of occupational pension schemes.

CRÉDIT AGRICOLE Asset Management is set to expand its flagship range of open-ended investment funds with the launch of a south-east Asian fund.

TRANSITIONAL protection for members of the Local Government Pension Scheme transferring to a new scheme could be extended in a move costing £25m a year.

WORKERS at the Rosyth industrial complex staged a wildcat strike in a protest over plans to quadruple their pension contributions.