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SWITZERLAND - The currency and alternative investment manager Millennium Global Investments has opened a new office in Switzerland.

THE PENSIONS Action Group has urged all MPs to put more pressure on the government to compensation scheme wind-up victims.

UK campaigners hoping to scrap mandatory retirement ages have a "mountain to climb" following a European ruling on a Spanish age discrimination case, lawyers say.

LLOYDS TSB Group cut the deficit in its pension scheme by more than £1bn in 2006, the banking giant's annual results reveal.

Rules designed to stop high earners avoiding tax if they breach the lifetime pension allowance are causing problems for poorer pensioners, First Actuarial claims.

SCOTTISH health workers and teachers have secured their final salary pensions but they will have to pay increased contributions.

SCOTTISH Life head of pensions strategy Steve Bee has started an e-petition calling for government assurance that people will be better off after joining personal accounts.

THE FINANCIAL Services Authority has fined Regency Investment Services £14,000 for income withdrawal failings.

SCHEMES risk unintentionally increasing costs by offering members cash inducements to transfer out, a consultant warns.

PERSONAL accounts could be run at the government's proposed cost of 0.3pc within seven years, administrators believe.