Legislation

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

The impact of the European Court of Justice decision on gender pricing of annuities will be insignificant compared to the effect of the "dysfunctional" Open Market Option system, an industry body warns.

Allowing early access to pension funds in some cases could place pensioners' beneficiaries at risk of a 55% tax charge, AJ Bell warns.

Ford workers are threatening a national strike over plans to uprate future payments for Ford Pension Fund members by the Consumer Prices Index.

Auto-enrolment legislation should be tweaked so employers do not have to enrol staff who have enhanced protection rights, Standard Life says.

Laws giving Scotland the power to set its own income tax will seriously undermine pension schemes, a consultant warns.

Government rules on the amount of income men and women can drawdown from pensions could become redundant on Tuesday - just days after revised tables were published.

Occupational scheme member groups have attacked the switch to Consumer Prices Index inflation as a Treasury cost-saving exercise aimed at benefitting business over members.

UK - The Conservative chairman of the Local Government Association has attacked coalition plans to hike council worker pension contributions warning the move would lead to mass opt-outs.

US - Proposed legislation covering the US swaps market risks causing "severe market disruption" for dealers and pension fund clients, an industry body has warned.