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Mellon wins mandate

BULK annuity buyout start-ups may shift scheme assets to Bermuda in a bid to circumvent legislation, a leading academic says.

THE RAIL, Maritime and Transport union has agreed to join a commission in a bid to resolve the industry's pension stalemate.

WORK and pensions secretary John Hutton "will come to regret" his decision not to establish a permanent, independent pensions commission, delegates heard.

PENSIONS are "too important for political point scoring" and more work needs to be done to deepen political consensus on reform, a minister says.

DEFINED contribution schemes which are not set up correctly will face an exodus of members in the future, the conference heard.

EMPLOYERS have just three weeks to remove any unfunded pension arrangements from their balance sheets, a leading lawyer warns.

Pension risk needs to be shared between employers and employees to maintain "generous" occupational schemes, the conference heard.

THERE is a risk the National Pension Savings Scheme could fail if too many people opt out, delegates heard.

THE ASSOCIATION of British Insurers has appointed a new pensions and savings strategy committee as it seeks to play a bigger role in influencing future reform.