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AXA UK's life and savings business increased by 26pc to £328m in the first half of the year, new figures show.

Standard Life's claims that rival Axa is marketing a pension product as a way of avoiding inheritable tax have been dismissed as "absolute nonsense".

SCOTTISH Widows Investment Partner-ship and Henderson Global Investors have sold London's Covent Garden Market.

FRIENDS Provident has launched a cautious managed fund for its corporate pension platform.

Three quarters of pension funds remain sceptical that consultants who offer multi-manager services can manage their conflict of interest.

Keeping the NHS final salary scheme open to new staff will send the taxpayers' bill "rocketing", bosses warn.

THE NATIONAL Association of Pension Funds' Autumn Con-ference 2006 will focus on The New World of DC.

SCHEMES will start using "carbon audits" as an important measure of fund performance within five years, Henderson Global Investors believes.

Proposed changes to pensions regulation could lead to "horrendous" complexity, consultants claim.

Schemes are costing members thousands of pounds by failing to ensure additional voluntary contribution providers offer an open market annuity, a consultant claims.