Legislation

US - The Pension Benefit Guaranty Corporation (PBGC) is seeking comment on a proposed ERISA rule that uses an alternative method for calculating the amount of bond or escrow provided by employers if, as a result of termination of operations at a facility,...

UK - Hewitt Associates has called on companies to adopt "broad-ranging" action plans to address funding shortfalls in FTSE100 pension schemes.

UK - Hewitt Associates has called for greater innovation in pensions design to overhaul the UK's occupational pensions industry.

AUSTRALIA - Lower and middle income earning women are benefiting most from the government's superannuation co-contribution scheme, new figures have shown.

UK - B&CE Benefit Schemes is piloting automatic enrolment under a project with the department of work and pensions.

UK - Delays in clarifying A-Day rules could expose financial advisers to misselling claims, Winterthur Life warns. Winterthur blames the delays on last-minute additions to the Finance Act by the Treasury and the department for work and pensions.

UK - The Conservatives and the National Association of Pension Funds are backing the campaign for a permanent pensions commission.

UK - The government has announced plans to legislate to allow same-sex partners to pass on pension benefits to their survivor, giving them equal legal rights to married couples.

UK - Government moves which allow trustees to delay scheme valuations should be welcomed but need clarification, First Actuarial has warned.

UK - Employers must be allowed to increase their staff retirement age in order to ease the pensions crisis, Association of Consulting Actuaries chairman Adrian Waddingham claims.