Legislation

Inflation figures published today prove the government is making poor people worse off by using CPI for measuring pension payment increases, Labour says.

Raising worker contribution rates for local government pension schemes would stoke a wave of industrial action and withdrawals from schemes, unions warn.

Government plans to scrap the default retirement age are "not fit for purpose" and should be delayed by a year, the Confederation of British Industry says.

Pension tax changes by successive governments are not entirely to blame for the long-term drop off in employer sponsored scheme provision, a study finds.

The government has announced it will introduce legislation in the Finance Bill 2011 to reduce the annual allowance from £255,000 to £50,000 and the lifetime allowance from £1.8m to £1.5m.

The government has today published details of the changes it intends to introduce to remove the effective requirement to annuities by age 75 from 6 April 2011.

The law on pension input periods should be changed to stop a clash with the upcoming tax allowance alterations, actuaries say.

A large part of the industry has slammed the government's announcement preventing private sector schemes the power to override scheme rules enabling a shift from RPI to CPI indexation.

The government has calculated the move from RPI to CPI indexation for occupational schemes could reduce the value of pension rights by as much as £76.6bn over 15 years.

Steve Webb has said the government will not give private sector schemes the power to override scheme rules to shift from RPI to CPI indexation.