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THE EXTENSION of the Financial Assistance Scheme announced in the budget is a "mean spirited" exercise in political spin, Ros Altmann has said.

THE MINIMUM drawdown rate for alternatively secured pensions (ASPs) is set to be reduced to 55pc, it was announced yesterday.

Life and pensions giant Prudential is set to buy Equitable Life's £1.8bn portfolio of in-force with-profits annuities.

Attempts to provide the most vulnerable workers with generic and personalised pension advice will be extremely complex, Scottish Life warns.

ENGINEERING firm WS Atkins is planning to close its final salary scheme and replace it with a defined contribution plan.

London Pensions Fund Authority's new investment director Vanessa James has outlined her key priorities for the remainder of 2007.

Limited dialogue between trustees and their key advisers is hampering the trust-based model of scheme governance, a new study reveals.

JUST Retirement, the life assurance group focused on providing financial services to retirees, has announced its first set of interim results.

Union officials have challenged the Conservatives to back calls for greater disclosure on private equity buyouts.

SCHEMES can expect a proliferation of new contingent asset products and strategies within the next few months, delegates heard.