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FAVOURABLE INVESTMENT markets have reduced pension fund deficits of the UK's largest listed companies to their second lowest level in the last four years, latest research by Watson Wyatt reveals.

Germany- The Conservatives and Social Democrats have proposed lowering the value of state pensions as well as increasing the retirement age and the statutory contribution.

CAMBRIDGE University Press - the world's oldest printing company - is threatening to close unless staff members accept changes to pension plans.

RETIREMENT incomes could be sliced in half if advisers recommending drawdown fail to ensure clients of all the associated risks, warns Rowanmoor Pensions.

RUNNING a national pension savings scheme at a cost of 0.3pc will not be achieved "for years, if at all", Australian senator Nick Sherry has warned.

CHANCELLOR Gordon Brown will make an "awful" prime minister based on his record of dismantling UK pension provision, says shadow chancellor George Osborne.

Norwegian engineering group Kvaerner has completed its deal with The Pensions Regulator allowing it to sever all responsibility for its £1.2bn UK pension fund.

THE GOVERNMENT has suspended its plans for an online retirement planner.

THE ACTUARIAL Profession is revising its technical memorandum on statutory money-purchase illustrations.

Newell Synesis move