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THE ACTUARIAL PROFESSION has announced revisions to its technical memorandum on statutory money purchase illustrations.

British Airways' bosses have rejected union calls to cap pensions as part of deal to plug a £2.1bn deficit.

New Anglo Irish bond

THE FINANCIAL Services Authority has publicly censured GD Tancred Financial Services for not clearly explaining the risks of income withdrawal to customers with small pension pots.

OVER 60pc of UK adults who have not reached retirement would consider living abroad for financial reasons, a survey by EveryInvestor reveals.

JPMORGAN Asset Management has launched a pooled diversified growth fund for defined benefit and defined contribution pension investors.

BANKRUPTCY at US firm Sea Containers has generated fears over the future of its two unfunded UK pension schemes.

ROWANMOOR Pensions has launched a family pension trust which, it says, will give people increased flexibility over their retirement savings.

UK pension reform will fail unless the retirement age increases, a European Union report says. But the report says Britain only faces a "medium risk" of being hit by a "demographic timebomb" caused by an ageing population and a dwindling workforce.

PENSION schemes are taking their responsibilities as shareholders more seriously than ever, the National Association of Pension Funds says.