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ADVISERS could face a backlash if they fail to brief investors on the risks of pensions drawdown, warns Winterthur Life.

RISING bond yields and improved stock market performance have more than halved the BT pension deficit to £1.8bn in the past 12 months.

ABN AMRO Mellon and the Bank of New York have been appointed as joint custodians of the Railways Pension Trustee Company.

The government is facing a judicial review for rejecting the parliamentary ombudsman's findings that scheme members were misled over pension security by official literature.

Nearly 90pc of schemes have failed to set down formal governance policies, research by Baker Tilly and Professional Pensions reveals.

The new Board of Actuarial Standards has formally taken up its role setting technical standards for actuaries.

THE Cardiff University pension scheme has extended its contract with Aon Consulting to run pension support and administration services.

Two major insurers are planning to enter the UK's burgeoning bulk annuity market.

HOPES of averting a national rail strike over changes to workers' pensions have risen following a series of intensive talks.

Scottish Equitable director of pensions development Stewart Ritchie is set to become the next president of the Faculty of Actuaries.