HBOS has revealed its pension funding position improved by £824m in 2008 - posting a net IAS19 surplus of £477m at the end of the year.
The bank - which was bought by Lloyds TSB in January, forming the Lloyds Banking Group - said the primary reason for the improvement was a increase in the discount rate used to value its liabilities from...
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.