Legislation

Large firms still have time to start auto-enrolment preparation but it must begin before Christmas, delegates heard.

There is little hope government will not legislate to deal with the problem of guaranteed minimum pension equalisation, delegates heard.

IRELAND - The Government's controversial pensions levy has had a "devastating impact" on the country's pension system, Irish Life & Permanent chief executive, retail, Gerry Hassett has claimed.

The government are yet to develop a grand vision for pensions and should be prepared to resort to compulsion if auto-enrolment fails, delegates heard.

US - Federal employees would have to contribute 1.2 percentage points more of their salary towards their retirement plans under plans put forward by President Barack Obama.

UK - The Pensions Bill will have its third reading in the House of Commons on 18 October.

The Pensions Bill will have its third reading in the House of Commons on 18 October.

More than a third of employers have not considered the impact of auto-enrolment on temporary staff, despite agency worker rules coming into force next month, Allen & Overy says.

UK - Pensions minister Steve Webb revealed over the weekend that the state pension age could be raised to 67 as early as 2026 in response to increasing longevity.

The Trades Union Congress has branded government plans to bring forward increases to the state pension age unfair due to the widening gap in life expectancy between rich and poor.