Legislation

It is inevitable pension legislation across the European member states will become more harmonised in spite of reluctance from some countries, delegates heard.

The British Chambers of Commerce has aired concerns about auto-enrolment, claiming it places pressure upon smaller and medium sized businesses.

US - The Council of Institutional Investors (CII) has pledged its support to the SEC's new proxy access rules, which are to be challenged in court by US businesses.

ROMANIA - Romania's parliament has approved changes to the national pension system in order to qualify for a €900m ($1.2bn) loan from the International Monetary Fund.

Government must press ahead with the 2012 reforms or risk a crisis of undersaving, the Confederation of British Industry says.

The government should take responsibility for the Royal Mail's £8bn pension deficit, Richard Hooper says.

Treasury proposals to remove the requirement to annuities by age 75 will only benefit "those who need them the least", the industry warns.

Retirement solutions should have the flexibility to provide decent pensions and meet long-term care costs if necessary, the Association of Consulting Actuaries says

Amended legislation bringing the UK into line with Europe means trustees must monitor all collective investments to adhere to strict sponsor investment rules.

The complex web of regulations governing the 2012 pension reform package poses a threat to businesses and the creation of new jobs, the British Chambers of Commerce warns.