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£15bn compensation cost not an overestimate

TRUSTEES could leave themselves open to legal action if they give advice to members on their pension scheme benefits, lawyers claim.

Administration experts are divided over whether auto-enrolment is crucial to making the proposed National Pension Savings Scheme work.

INVESTMENT managers and pension companies are as unpopular with the British public as traffic wardens, estate agents and politicians, new research reveals.

JPMorgan Invest is launching a jargon buster after it found 25pc of people believed CD and DVD were pension terms.

ROYAL Mail has agreed to clear its £5.6bn scheme deficit over 17 years following negotiations with its trustees.

Age discrimination rules will be a bigger challenge for firms than previous gender, race, disability, sexual orientation or religious laws, employers were warned.

THE Co-op Group has called on the industry to seek new ways of educating scheme members about the importance of pension provision.

SOFTWARE provider Heywood has launched a new administrative pensions package to help public sector bodies communicate with each other.

Lloyd's insurer Kiln has slashed its pension scheme deficit from £28m to under £5m following a series of initiatives over the past 18 months.