Legislation

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.

Small businesses face paying more than £2,500 extra a year and ‘extortionate' administration costs to comply with auto-enrolment, the Federation of Small Businesses warns.

The government will publish a formal response to its consultations on the Finance Bill 2011, including details on new pension annuitisation rules, on 9 December.

BT will reduce its scheme liabilities by £2.9bn after the government's decision to use Consumer Prices Index to measure inflation, an actuarial review shows.

Rules on employer-related investment and collective investment schemes do not warrant a switch from trust-based to contract arrangements, Bluefin says.

The government has today detailed plans on how the state pension age will rise to 66 by 2020.

UK pension schemes investing in US companies could face a 30% tax if a proposed US withholding tax is implemented, Hogan Lovells warns.

The first occupational pensions case to reach the Supreme Court will be heard on June 20 and 21, next year.