UK - Pensions minister Steve Webb has admitted as many as one million additional people would be excluded from automatic enrolment should be the qualifying level of earnings be raised to £7,000.

Pensions minister Steve Webb has admitted more than one million additional people would be excluded from automatic enrolment by raising the qualifying level of earnings to £7,475.

GLOBAL - Private equity funds posted a return of just 0.65% in the three months to the end of June this year, State Street research reveals.

GLOBAL - Overlay Asset Management and BNP Paribas Corporate and Investment Banking have teamed up to launch an index in a bid to help schemes preserve the purchasing power of currency allocations.

Private equity funds posted a return of just 0.65% in the three months to the end of June this year, State Street research reveals.

Overlay Asset Management and BNP Paribas Corporate and Investment Banking have teamed up to launch an index in a bid to help schemes preserve the purchasing power of currency allocations.

The government announced its long-awaited plans for restricting pensions tax-relief last Thursday - replacing the complex legislation put in place by the last administration in the Finance Act 2010.

The spending review settlement with the Department of Work and Pensions will fund the introduction of auto-enrolment from 2012 and the establishment of the National Employment Savings Trust, the government has announced.

Equitable Life victims will get about £1.5bn in compensation, the government has confirmed.

Public sector workers will see scheme contributions increase by an average of three percentage points under Spending Review proposals to be phased in from April 2012.