Legislation

A group of 13 opposition MPs have called on the government to delay switching to the CPI index for public sector pensions until further research has been conducted into pensioner spending.

Pensioners groups are uniting in London to urge the coalition government against switching the pensions indexation to the consumer price index, as it will push millions into poverty.

US - A federal jury has found in favour of pension funds and other institutional investors in a securities fraud class action against BankAtlantic Bancorp.

Defined benefit schemes are in danger of prejudicing their eligibility for the PPF by compromising their debts when they wind up, lawyers have warned.

UK - The government's decision to switch pension indexation to the Consumer Prices Index is "policy on the hoof", the Labour pensions spokeswoman says.

The 2% upfront charge on contributions into the National Employment Savings Trust is part of an "outstanding deal," delegates heard.

The government's decision to switch pension indexation to the Consumer Prices Index is "policy on the hoof", the Labour pensions spokeswoman says.

Current pensions legislation is restricting risk sharing between members and employers and should be radically reformed, a panel of actuaries says.

AUSTRALIA - Superannuation fund members with multiple employers who breach contribution caps are being unfairly penalised, an industry body warns.

EUROPE - The long-anticipated Alternative Investment Fund Managers (AIFM) Directive has been passed into law following a plenary vote of the European Parliament.