Legislation

The government is expected to announce draft pensions tax legislation tomorrow as part of the 2011 Finance Bill.

UK - There is a "real danger" the auto-enrolment regime could be so broad it becomes an unenforceable law, Alan Pickering warns.

Individuals whose pension input period is tipped over from 5 April to 6 April next year could be caught unnecessarily by the reduction in annual allowance, a lawyer warns.

Individuals who exceed the annual allowance may be allowed to meet the tax charges from their pension benefits, a Treasury consultation paper says.

US - The US government is considering introducing new rules to ensure workers have a better understanding of target date retirement funds.

More than 10 million people will see their state second pension hit by the Consumer Price Index switch by the end of this parliament, the government says.

Transfers from contracted out defined benefit schemes to non-contracted out schemes will be permitted after contracting-out on a defined contribution basis is abolished.

AUSTRALIA - Directors of failed companies will be forced to honour unpaid superannuation contributions to employees under plans unveiled by the Australian government.

Pension reform is continuing at a relentless pace but can the industry keep up? Helen Morrissey reports

US - Steven Rattner, co-founder of Quadrangle Group, said the settlement sought by New York Attorney General Andrew Cuomo in a pension-fund kickback case is "close to extortion".