Legislation

UK - Consultants have welcomed government amendments to the Pensions Bill which will remove indexation from defined contribution schemes.

UK - Pensions will become one of the key criteria that could make or break mergers and acquisitions, Hewitt Bacon & Woodrow warns.

UK - The fall in final salary provision makes the need for retirement saving greater than ever, a senior consultant claims.

UK - MORE than 6000 occupational pension schemes have closed in the last 12 months, latest figures from OPRA reveal.

UK - The National Association of Pension Funds is leading an industry drive for changes to the Pensions Bill in the House of Lords.

UK - Pension schemes may be forced to help pay retrospective compensation in three years because the government has not set aside enough money.

UK - Scheme members who have had their pension benefits cut under "Bradstock-type" deals will not be in line for compensation announced by the government.

UK - Network Rail workers are voting on whether to strike over the closure of their final salary scheme to new members.

UK - OPRA is considering plans that will allow the trustees of more than 1300 schemes to halt wind-up procedures ahead of a possible government rescue package.

UK - Gissings is launching a new package which, it says, will slash flexible benefit costs for small to medium-sized firms by up to 80%.