Papers

The Treasury is clawing back millions of pounds in tax from a government fund set up to help people whose occupational pension schemes collapsed, according to the Scotsman .

A typical British household pays more than £200,000 in indirect taxes over a lifetime, according to a report by Axa, says the Scotsman .

Nationwide saw profits rise by almost a third last year, helped by an increase in mortgage lending, according to the Daily Telegraph.

Almost half of all final salary pension schemes will close within five years, according to research by Alexander Forbes Financial Services, reports the Guardian .

Legal & General is to raise the prospect of returning £1bn to shareholders, while Prudential is understood to be in talks with the FSA about returning a large slice of capital to policyholders, according to the Scotsman .

New pensions buy-out company Paternoster today announced its first deal - the purchase of the final salary scheme of a London underwriting agency, reports the Times .

FTSE 100 companies are consistently understating the life expectancy of people in their retirement schemes in a move which disguises the real size of pension deficits, reports the Daily Telegraph.

Pensions experts have raised concerns over the shortfall of £343m in the Pension Protection Fund (PPF) figures revealed yesterday, says the Scotsman .

The Financial Services Authority yesterday said the collapse of a large private equity-backed company in the future is inevitable, reports the Times .

Two government consultants accused of a conflict of interest over assessing companies to administer the new home inspector scheme have been suspended, reports the Daily Telegraph .