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HSBC Holdings plans to make contributions of $1.23bn (£630m) into its defined benefit pension schemes in 2007, the company has announced in its annual report and accounts.

A FAIRPENSIONS campaign to halt legal action by pharmaceutical firm Novartis against the Indian government has received "unprecedented" backing from pension schemes.

ASPEN Annuities has launched an online annuity calculator in a bid to help trustees and pension scheme administrators find the best rates quickly.

Some self-invested personal pension providers will operate without full compensation because regulators will not be able to complete authorisation before the April deadline, experts warn.

THE INSTITUTE of Actuaries has expelled former chief executive of Equitable Life, Roy Ranson, following a disciplinary proceeding.

UNILEVER UK is to close its £5bn final salary scheme to new employers and set up a hybrid fund in its place.

The first shortlists for this year's UK Pensions Awards have now been drawn up by the judging panels.

ROYAL Bank of Scotland cut the deficit in its final salary pension scheme by almost £2bn in 2006, the group's full year results reveal.

A leading scheme manager is urging ministers to reconsider their timetable for implementing a new-look Local Government Pension Scheme.

Ministers are considering introducing new rules to stop firms offering final salary scheme members cash inducements to give up benefits, PP can reveal.