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INDEPENDENT trustee David Somers has been appointed a non-executive director and chairman of the audit committee for the new Europe Arab Bank.

ONLY 14pc of schemes are fully compliant with trustee knowledge and understanding requirements, research reveals.

Scheme sponsors and trustees must work together to remove pensions from boardroom agendas and ensure they deliver promises to members, a leading consultant claims.

Ministers are being urged to add an "open market option" to the proposed national pension savings scheme.

Confusion over A-Day rules on tax relief is prompting some employers to reduce pension contributions, Aegon Scottish Equitable claims.

Forecast service push

Scheme members can now donate money to charity by giving up the "odd pennies" from their pension contributions.

THE TRANSPORT for London Pension Fund is undertaking a "risk budgeting" exercise to review its investment strategy.

Schemes are being urged to oppose the re-election of Warner Estates Holdings chairman Philip Warner over worries about the firm's "poor board structure".

BRITAIN'S top executives will retire at 60 on an average of 71 times the basic state pension, a new study reveals.