Legislation

Actuarial firms are in danger of being swept up in a government attempt to clean up the lobbying industry, the Association of Consulting Actuaries warns.

Labour will vote in the House of Commons against the government's planned freeze of age-related tax allowances.

Employers that see auto-enrolment as an opportunity to level down pension provision should be prepared for a surge in applications to join their existing schemes, a lawyer warns.

Seven industry bodies have written to Steve Webb strongly criticising the government's proposals on Guaranteed Minimum Pension equalisation and calling for equalisation guidance put forward in January to be scrapped.

Scheme trustee boards have been given more power to join moral hazard cases prosecuted by The Pensions Regulator after a senior judge clarified "directly affected" person laws.

Confusing and contradictory communications could deter millions of part-time workers from saving into a pension under auto-enrolment, warns a consultant.

The Treasury is in talks with US authorities to grant UK schemes a full exemption from the Foreign Account Tax Compliance Act.

Sackers has called on the government to rethink plans to equalise scheme benefits, arguing the legislative changes could push schemes into the Pension Protection Fund.

The industry has supported Steve Webb's promotion of ‘defined aspiration' occupational pensions which encourage risk sharing, but warned the government will have to make significant legislative changes to make it work.

State pension payments will rise to an average of £124 a week, an increase of £6 from last year, the government has said.