Legislation

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.

The House of Commons has approved an order to move from RPI to CPI index linking for public sector, state additional and occupational pensions.

MPs have been urged to vote down government plans which would reduce the value of pensions year on year in a crucial House of Commons vote today.

Government failure to reveal plans for a £140 universal state pension has weakened the coalition's Pensions Bill, leaving it like "Hamlet without the prince", Baroness Hollis says.

Switching to consumer price index for pension inflation will improve defined benefit scheme funding levels by £83bn - but reduce the value of members' pensions, the government says.

MPs have accused pensions minister Steve Webb of backtracking on the coalition agreement's terms on increasing the women's state pension age.

Pension funds could face thousands of pounds in administration costs due to new laws designed to take the sting out pension tax saving changes, PwC warns.