Legislation

UK - The switch from RPI to CPI for pension indexation moved one step further in the legislative process yesterday after it was approved in the House of Lords.

The switch from RPI to CPI for pension indexation moved one step further in the legislative process yesterday after it was approved in the House of Lords.

Hutton recommendations will not necessarily reduce the level of income in retirement for the majority of members, actuaries say.

Jonathan Stapleton explains why both the government and unions will have to give ground on Hutton

Work and Pensions secretary Iain Duncan Smith has laid out plans for basic state pension reform in a bid to create a "state pensions system fit for a 21st century welfare system".

Public sector discount rates should be tied to UK economic growth to reflect future tax revenues needed to fund the scheme, the Pensions Policy Institute says.

Tax relief on contracting out should be scrapped for all pension schemes by 2012, the Office of Tax Simplification recommends.

UK - Members could end up cross-subsidising those with high pay rises as a result of the "scheme pays" annual allowance option.

Members could end up cross-subsidising those with high pay rises as a result of the "scheme pays" annual allowance option.

UK - A dispute over whether defined benefit schemes should have to pay VAT on investment management services has been referred to the European Court of Justice.