Legislation

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.

Jonathan Stapleton explains there has been little praise for the ECJ gender ruling

The European Court of Justice ruling on sex discrimination is set to have a major impact on occupational schemes and could increase deficits, the industry warns.

EUROPE - The European Court of Justice ruling on sex discrimination to could lead to a worsening of pension income in retirement.

UK - Proposals to allow early access to pensions will create a "bureaucratic nightmare" and should be shelved, industry groups say.