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Work and pensions secretary James Purnell is the latest cabinet minister to be named in the on-going parliamentary expenses investigation by the Daily Telegraph .

Level annuities returns stabilised in May after several months of falling rates, Alexander Forbes Annuity Bureau says.

Government moves to cut tax relief on pension contributions of high earners will further undermine trust in the system, the Association of British Insurers warns.

The credit crisis has "hugely damaged" the UK's pensions system leaving retirement savers disillusioned and destroying the idea stock market investment will always deliver generous pensions, Ros Altmann warns.

Around 7000 holders of Standard Life unit-linked pension plans have received incorrect statements for the past seven years with one customer losing £30,000.

City minister Lord Myners has been criticised by the Treasury select committee for his role in the departure of Sir Fred Goodwin from Royal Bank of Scotland.

The government should extend its personal accounts proposal to include life cover, Friends Provident says.

Personal Accounts Delivery Authority investment director Mark Fawcett has been confirmed as one of the keynote speakers at the forthcoming Professional Pensions Investment Conference .

Agency workers should be allowed to opt-out of auto-enrolment for three year periods to cut "severe" administrative costs, the British Chambers of Commerce says.

A cap on annual contributions might be a more equitable way of reducing the percentage of tax that benefits the highest earners, an influential House of Commons committee says.