News

THE National Association of Pension Funds has repeated its pleas to ministers to ensure personal accounts do not affect existing scheme contribution levels.

Trustees risk the wrath of The Pensions Regulator and members if they fail to take advice on crucial financial issues, Gazelle Pensions Advisory Service warns.

NEW self-invested personal pension regulations fail to ensure consumers get a fair deal on covert costs, a provider claims.

AXA INVESTMENT Managers has released its 2006 results and revealed a rise in assets under management to €485bn (£330bn) and revenues of €1.18bn (£802m).

DEFINED contribution schemes are increasingly using ethical funds as default options, F&C Asset Management claims.

The Pensions Regulator has been urged to publish detailed case studies on scheme abandonment amid growing concern its intervention is cheaper for trustees than challenging sponsors.

EMPLOYERS and trade unions must do more to promote better pension fund governance and the role of active trusteeship, chancellor Gordon Brown's right-hand man warns.

NEARLY half of UK second home owners have invested in overseas property as part of their pension plan, research shows.

ITALY - Romano Prodi's coalition government is to meet union leaders and Confindustira, the employers' association, to discuss the January pension reforms on March 22.

Eight out of 10 employees work almost an extra day a month in unpaid overtime, a new survey claims.