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US - Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., eliminated government-related debt from his flagship fund.

UK - Final salary public sector pensions should be phased out in favour of cheaper career average schemes by 2015, Lord Hutton said.

The Independent Public Service Pensions Commission's 27 recommendations are as follows.

Final salary public sector pensions should be phased out in favour of cheaper career average schemes by 2015, Lord Hutton says.

Many employers are not prepared for auto-enrolment and remain dependant on paper-based processes to sign up new members, research shows.

Trustees and providers need to do more to educate members to shop around for an annuity, experts say.

The Professional Standards Body for Transfer Incentive Exercises has published the principles that will form the basis for its best practice charter for enhanced value transfers.

The European Court of Justice ban on gender-based insurance pricing will not have as great an effect on the pension transfer market as feared, says an industry body.

The government must give companies the information they need and stop moving the goalposts on auto-enrolment, according to one of the UK's biggest employers.

The UK pensions industry will see the emergence of more public sector defined contribution schemes in 2013, Fidelity predicts.