Legislation

UK - The number of private sector staff in final salary schemes has plunged to a 40-year low, Government Actuary figures show.

UK - Raj Mody and Andy Staddon are to take over the running of Hewitt Bacon & Woodrow's Leeds office.

UK - Only one-third of workers have an occupational pension scheme compared with 40% of people currently in retirement, government research shows.

US - Proposed new regulations in the US governing age discrimination in retirement plans would disallow some plans that are actually more generous to older workers than those that would comply under the new rules, according to Watson Wyatt.

UK - Pension scheme design will take a "quantum leap" forward if Inland Revenue proposals are implemented, Hewitt Bacon & Woodrow claims.

UK - Simplification author Alan Pickering has welcomed government moves to pare down pensions regulation and describes them as a "massive step" forward.

UK - Trustees at insolvent schemes in wind-up are being urged to resolve problems over guaranteed minimum pensions by reinstating members into the state second pension.

UK - The Occupational Pensions Regulatory Authority will be scrapped in favour of a "new kind of regulator" (NKR) as outlined in Alan Pickering's Simplification Report.

UK - The Government has proposed scrapping compulsory retirement ages as the cornerstone of its long-awaited Green Paper.

UK - Industry heavyweights are mounting pressure on the government to change MFR regulations ahead of any consultation on the pensions green paper.