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PENSION policy during Labour's 10 years in power have been "wasted" and are a major disappointment, industry experts claim.

If prime minister Tony Blair really wants to leave a "legacy" when he eventually quits Downing Street, there is a gift-wrapped opportunity on his doorstep.

Insurers have urged the government to ensure personal accounts do not undermine existing pension provision after providers posted record new business in 2006.

FUND managers increased their equity allocation to a 10-month high in February as fears of an economic slowdown receded, survey data reveals.

THREE-quarters of Legal & General's contracted-out customers do not want to re-enter the state second pension, early results from the company's annual customer mailing show.

CONSERVATIVE leader David Cameron has grilled pensions reform minister James Purnell about the Financial Assistance Scheme in a series of parliamentary questions.

Protection campaign

Banking giant Lloyds TSB Group cut the deficit in its pension schemes by more than £1bn last year.

Pension schemes have snapped up £500m of 50-year corporate bonds launched by supermarket giant Tesco.

PRESSURE is mounting on ministers to increase compensation to scheme wind-up victims after the High Court ruled the government was guilty of maladministration.