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TWO-THIRDS of open em-ployer-sponsored pension schemes are now defined contribution, the latest research from Hewitt Associates reveals.

The government is obsessed with a National Pension Savings Scheme rather than trying to repair confidence in the market, Scottish Life claims.

Fears HM Revenue & Customs may stop trust-based money-purchase plans from paying pensions directly to members are unfounded, a consultant claims.

Scrapping pensions tax relief for higher rate taxpayers would be "catastrophic", warns Hargreaves Lansdown.

PENSIONS reform minister James Purnell has launched a blog to generate comments on the White Paper proposals throughout the summer.

MERCER HR Consulting has taken on 16 in-house Scottish & Newcastle pensions staff after winning a "major" outsourcing contract with the brewer's £2bn scheme.

STRICTER rules governing the management of scheme in-vestments would boost public confidence and "work wonders" for fund performance, lawyers claim.

THE TAKE-UP of self-invested personal pensions has increased fourfold during the past year, PropertyBourse says.

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