Law and Regulation

The Department for Work and Pensions (DWP) has opened a consultation on abolishing the restrictions on the National Employment Savings Trust (NEST).

European Parliament has given the green light for Lord Jonathan Hill to be EU financial services commissioner, despite facing tough questioning from sceptical MEPs.

The Institute of Directors (IoD) has made a plea to the next elected government to not make any more changes to pension legislation or even appoint a pensions minister.

Lord Jonathan Hill, Britain's candidate for EU financial services commissioner, appeared to give a give a better performance at a second grilling by MEPs yesterday.

Capital requirements could be reinserted in the proposed Institutional and Occupational Retirement Provisions (IORP) II Directive, warns PensionsEurope.

The candidate to be the EU's next financial services commissioner has been asked by MEPs to attend a second confirmation hearing, sparking rumours of a potential reshuffle.

Tax relief on pensions will be further restricted and a future government could consider the nationalisation of NEST and PPF assets, a panel of experts believes.

European Central Bank (ECB) president Mario Draghi will push the bank to buy junk-rated Greek and Cypriot bank loans, it has emerged.

The Treasury is to establish a dedicated guidance guarantee operation for face-to-face meetings separate from The Pensions Advisory Service (TPAS), Michelle Cracknell has said.

Prime Minister David Cameron has said the Conservatives will raise the 40% tax threshold from £41,900 to £50,000 if they win the 2015 General Election.