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Life company pension funds from Scottish Equitable and Scottish Life are among those which have consistently failed to beat inflation over the past decade, despite holding £14bn in savings, according to Hargreaves Lansdown research.

Pensions minister Steve Webb has defended the green paper on simplifying the state pension, saying the proposals would provide better outcomes for women.

The Retirement Partnership, which provides IFAs with help and training to understand the pension market, has announced a joint venture with MyCompanyPension.co.uk.

Retirement advice firm Intelligent Pensions (IP) is planning an intense campaign of buying up income drawdown business from IFAs exiting the industry.

New business at Royal London's protection arms Bright Grey and Scottish Provident fell 14% over Q1 2011 compared to the same quarter last year.

IFG Group, the parent company of SIPP provider James Hay Partnership, has been approached with an acquisition offer.

The removal of the requirement to annuitise by age 75 could encourage people to remain in drawdown even when it becomes damaging, MGM Advantage and Intelligent Pensions (IP) warned.

The government must make it simpler to transfer long-term savings such as pensions to children and other descendents, the Association of Consulting Actuaries (ACA) said.

Trade union Unison has declared "war" on the government over public sector pension changes, warning the coalition it is heading for industrial turmoil over its reforms.

A pensioner has been charged with faking his death and then pretending to be his wife in order to claim on his life insurance policy.