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BARCLAYS slashed the deficit in its UK final salary scheme by more than £2bn in 2006, latest company figures reveal.

PROFESSIONAL PENSIONS has moved to new offices on Stephen Street in London's West End.

BRITAIN'S top 300 civil servants have combined pensions worth £250m, according to Liberal Democrat research.

Low-paid workers need a Legal Aid-type system to give them pension and other financial advice, GE Life says.

THE ACTUARIAL Profession has issued a warning in a bid to ensure scheme members are provided with appropriate information when considering exchanging pension for a cash sum at retirement.

ADULT financial literacy is crucial if "pensions Armageddon" is to be avoided, Life Academy chairman Alan Pickering believes.

Scheme sponsors are looking at new ways to entice members to leave their schemes after HM Revenue and Customs clamped down on tax breaks, PP has learned.

SWITZERLAND - Credit Suisse's asset management division said its income had fallen 50% to CHF 508m (€312.5m) in 2006 due to lower returns and higher operating expenses.

Hopes for a political consensus on pension reform could be derailed unless ministers lower the cap on personal account contributions, the Conservatives warn.

The quest to find this year's Pensions Personality of the Year is now entering its second phase.