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Schemes were urged to oppose the re-election of Vedanta Resources executive chairman Anil Argawal because of the "unhealthy concentration" of power at the head of the company.

THE FINANCIAL Reporting Council estimates that funding for actuarial standards and regulation in 2006/7 will cost £1.7m, covered by contributions from the profession, insurance sector and schemes.

THE ACCOUNTING Standards Board is proposing to make schemes disclose the mortality assumptions used in calculating liabilities.

SCHEMES remain "hugely exposed" to movements in equity and bond markets and can only reduce volatility by investing in liability-matching assets, Aon Consulting warns.

PILOTS at BMI are to be balloted on strike action over plans to change their final salary scheme.

Demand for qualified pension managers is increasing even though final salary schemes continue to close, the Pensions Management Institute says.

SEVEN Investment Manage-ment‘s open-ended investment companies have attracted more than £550m of investment since their launch in 2004.

THE NHS plans to retain its final salary scheme but increase staff contributions for higher earners.

£44m global tender

Capita Hartshead has been chosen by the department of constitutional affairs to administer its pension scheme from September 2006.