Legislation

UK - The annual allowance will be cut from £255,000 ($408,000) to £50,000; the lifetime allowance reduced from £1.8m to £1.5m, and the factor for valuing final salary benefits increased from 10 to 16, the Treasury has announced.

The government has announced it will set up a new public Royal Mail pension scheme - the liabilities of which are to be met by the taxpayer.

The Treasury has confirmed it will cut the annual allowance from £255,000 to £50,000; cut the lifetime limit from £1.8m to £1.5m; and increase the factor for valuing final salary benefits from 10 to 16. But how do you calculate any tax charge. Our step-by-step...

UK - The Treasury confirmed the annual allowance will be cut from £255,000 to £50,000 and the lifetime allowance reduced from £1.8m to £1.5m.

IRELAND - Almost 80% of Ireland's defined benefit schemes have already closed or are likely to close to new employees, research shows.

IRELAND - The Pensions Board has agreed to extend the timeframe for defined benefit schemes to submit their funding proposals.

EUROPE - The European Court of Justice may equalise annuity rates for men and women, but doing so could make women's pension income even worse, experts warn.

The European Parliament and Council Presidency will meet today to discuss the Alternative Investment Fund Managers directive.

Legislation allowing trustees to override RPI written in the trust deed and switch to CPI would not be in members' best interests, delegates heard.

FRANCE - President Nicolas Sarkozy has announced plans to amend France's pension reform to prevent parents who interrupt their careers to raise children from being penalised.