Legislation

US - The board of the California State Teachers' Retirement System (CalSTRS) has voted to support proposed legislation to help curb pension spiking.

AUSTRALIA -Plans to introduce a levy on regulated supers to help recompense members is unfairly favourable towards larger funds, industry bodies claim.

Government will launch a formal consultation on legislation to overhaul section 75 debt regulations over the summer, the DWP has confirmed to PP.

The Postal Services Bill has been amended in the House of Lords to safeguard the Royal Mail Pension Plan if the scheme is broken up in future.

Senior local government officials have written to government minister Eric Pickles warning him maintaining a final salary link for past service in LGPS is unfair to local council taxpayers.

The government must take "urgent" action to clarify public sector reforms and end the uncertainty engulfing its plans, the National Association of Pension Funds says.

Scrapping contracting-out for defined contribution schemes will drain more than £50bn from the pensions industry leading to a "significant" reduction for administrators and fund managers, government says.

Campaigners protesting plans to accelerate the increase in state pension age handed a petition with more than 10,000 signatures to the government yesterday.

Pensions minister Steve Webb has delayed the second reading of the Pensions Bill.

Hundreds of pensioners are expected to meet their MPs in a mass lobby organised by AgeUK to protest about the accelerated equalisation of the state pension age.