News

The government acted unlawfully when it rejected the parliamentary ombudsman's report on scheme wind-up victims, the High Court heard.

INTERNET use is replacing gardening and DIY as traditional retirement pursuits for pensioners, a survey by insurance firm AXA reveals.

Firms will look to reopen defined benefit schemes to new members if deficits continue to fall, Fidelity International believes.

Defined benefit schemes have become an endangered species in the private sector in recent years. But now, it seems, there is a chance the unthinkable might be about to happen and firms could start to reopen their final salary plans to new members.

EMPLOYEES will regret taking cash inducements to transfer out of final salary pension schemes, The Pensions Advisory Service warns.

ROYAL London Asset Management has launched a new ethical fixed income fund.

Traded life demand up

Independent verification of fund managers' investment performance figures should be made mandatory when global standards are reviewed in 2010, UK institutional investors believe.

Prudential has launched a new with-profits annuity product for savers with protected rights funds.

DEfINED contribution as-sets under management at Fidelity International grew by more than 25pc last year, latest figures reveal.