Legislation

Measures to accelerate the equalisation of the state pension age have been slammed after amendments to the Pensions Bill to ease their impact were defeated in the Lords.

UK - Pensions minister Steve Webb has confirmed that a single flat-rate pension is one of a range of options that will be explored in a green paper to be published shortly.

Pensions minister Steve Webb has confirmed that a single flat-rate pension is one of a range of options that will be explored in a green paper to be published shortly.

Lord Hutton's recommendations for public sector pension reform have been backed by the Treasury, with Chancellor George Osborne saying there would be no "cherry picking" from his proposals.

POLAND - Polish lawmakers have begun debating pension changes proposed by the government that are opposed by almost half of the country's voters before elections expected within seven months.

US - The California Public Employees' Retirement System (CalPERS) has endorsed proposals to prohibit Board members and officers from accepting employment with business partners after leaving the fund.

UK - The Organisation for Economic Co-operation and Development (OECD) today recommends the UK government further increases the state pension age (SPA) to combat rising costs.

A ruling that trustees have relied on to unwind decisions without formal rectification since 1975 has been swept away by the Court of Appeal.

There were clashes over the switch to the consumer price index as the Pensions Bill was debated in the Lords yesterday.

SLOVENIA - The Constitutional Court has ruled that a referendum on pension changes approved by Parliament can take place, a move that will delay public spending cuts and may prompt a rating downgrade.