Legislation

EUROPE - The first occupational pensions case to be considered by the Supreme Court, Bridge Trustees v Yates, will begin today.

The second reading of the Pensions Bill, which will accelerate the state pension age increase for half a million women, will take place today.

The first occupational pensions case to be considered by the Supreme Court, Bridge Trustees v Yates, will begin today.

GLOBAL - Pension funds will continue to shift away from equities to bonds as a result of the latest changes to International Accounting Standards, Mercer says.

Financial secretary to the Treasury Mark Hoban has defended auto-enrolment after a senior pension adviser labeled it the next mis-selling scandal.

EUROPE - The Association of Consulting Actuaries has urged government to seek further legal certainty on guaranteed minimum pension equalisation because of the £10bn ($16bn) cost to employers.

The Department for Work and Pensions has launched a consultation to extend the rules of the Financial Assistance Scheme to insure schemes exempt from the Pension Protection Fund.

The Royal Mail's £10.3bn pensions deficit will be taken on by the tax-payer next spring as legislation to privatise the service is expected to become law next week.

US - New York State Governor Andrew Cuomo has introduced pension reform legislation that would impose a new Tier VI for future employees and save taxpayers $93bn over the next 30 years.

The government has set a date for the second reading of the controversial Pensions Bill.