Legislation

ROMANIA - Romania's Constitutional Court has ruled in favour of the government's pension law, introduced to help the country qualify for emergency IMF funding.

HUNGARY - Hungary's Stabilitas Fund Association has written to the European Commission requesting "immediate help" in fighting the government's pension reform plans.

US - The Department of Labor has obtained a court order against an investment management firm to return more than $1m to the Plumbers and Pipefitters National Pension Plan.

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.