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The top 100 UK firms' defined benefit schemes knocked £42bn off their combined deficit over the last year, Pension Capital Strategies research shows.

Government backtracks on pension transfers; Frozen pensions: an open letter to Steve Webb; BBC strike threat due to be lifted as unions resolve pension dispute

The number of pension plans adopting liability driven investing strategies has remained robust over the past year, with schemes in the UK and Netherlands leading the way, SEI says.

The BBC and trade unions are close to breaking the deadlock in their pensions dispute after nine hours of talks yesterday.

Pension experts have broadly welcomed Treasury plans to consult on allowing access to 25% of pension savings tax free before retirement but warn the new rules must be kept as simple as possible.

The London Borough of Lambeth has invested €90m (£75m) in one of Invesco Perpetual's pan-European property funds.

GLOBAL - Investor confidence in Europe and the US increased to 97.5 in November, its highest reading since April.

The pension plans of the world's largest multinationals have fallen further into deficit despite record company contributions, research shows.

EUROPE - The pension plans of the world's largest multinationals have fallen further into deficit despite record company contributions, new research shows.

Individuals who exceed the annual allowance may be allowed to meet the tax charges from their pension benefits, a Treasury consultation paper says.