Legislation

UK/US - Grave lessons must be learned from the US Pensions Benefit Guaranty Corporation to ensure that the UK's protection fund does not fail, consultants warn.

UK - Delays in abolishing the minimum funding requirement are causing massive uncertainties for pension schemes, actuaries warn.

UK - An employment tribunal decision which could have given greater pension rights to workers over the age of retirement has been overturned.

UK - The pensions ombudsman could be on a collision course with the courts following an "act of defiance" over his jurisdiction, lawyers warn.

UK/EU - Consultants are urging the government to spell out the impact new EU employment laws will have on firms with closed final salary schemes.

UK/EU - Consultants are urging the government to spell out the impact new EU employment laws will have on firms with closed final salary schemes.

UK - Financial services giant Mellon is rebranding its Buck Consultants arm as part of a drive to set up a "one-stop shop" solution for schemes.

UK - One million defined contribution scheme members are being short-changed because the government insists they buy a limited price indexed annuity, insurers claim.

UK - Sun Life Financial has been ordered to pay a widow almost £4000 in compensation after reneging on a promise over a lump sum payout.

SCOTLAND - Scottish papermaker Tullis Russell is to plunge a fifth of its pre-tax profits into its final salary pension scheme.