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Clerical Medical Financial Services is set to begin rolling out a series of post A-Day advice guides to help financial advisers understand the impact of the new legislation and make more money.

TRUSTEES of the Jacques Vert pension scheme have agreed a special £5m payment and closure of a subsidiary fund, reports claim.

TRUSTEES and scheme sponsors are being urged to take advantage of the flexibility A-Day gives them to make unauthorised payments.

LORD Turner is to join the board of fledgling buy-out specialist Paternoster Assurance, according to reports.

PENSIONS reform minister James Purnell is set to address a conference on encouraging young people to save for retirement.

RELIANCE Mutual Insurance Society is set to acquire SEB Trygg Life Assurance Company, which has £70m funds under management.

SCHEME wind-up victims have been threatened with "unlimited" legal costs by the department for work and pensions in the forthcoming European court case.

Scheme sponsors - not trustees - should set asset allocation as part of a company's overall financial operation, a conference heard.

THE NATIONAL Pension Savings Scheme could hit consumer spending and trigger deflation, Scottish Life warns.

ZURICH Financial Services has teamed up with Russell Investment Group to launch a range of multi-manager funds for defined contribution schemes.