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BAE SYSTEMS is in final stage talks with unions and employee representatives over funding a £120m deficit in the Royal Ordnance legacy scheme.

HARGREAVES Lansdown has experienced bumper months in April and May as clients rush to set up Self-Invested Personal Pensions.

SCHEMES entering the Pension Protection Fund must be given a period of grace before trustees recover any overpayments to early retirees, an independent trustee says.

DEFINED contribution scheme members face "pensioner poverty" if current trends continue, research shows.

LEGISLATION introduced to strengthen EU-wide pension provision is in practice counter productive for UK schemes, research shows.

UNIONS have called for an investigation into the deal by Kvaerner to sever all responsibility for its £1.2bn pension fund in return for a payment of £101m.

No 'stripping' being done by Actuarial Profession

A-DAY could lead to a "meltdown" in the pensions market with mass consolidation and job losses, a consultant says.

THE NATIONAL Pension Savings Scheme should be run by private sector companies and not state bureaucracy, Pensions Commission chairman Lord Turner claims.

THE 3pc employer contribution proposed for the National Pension Savings Scheme will not cause levelling down of existing arrangements, the Chartered Institute of Personnel and Development claims.