Legislation

UK - The Local Government Pension Scheme (LGPS) should increase its retirement age to 66 and limit pensionable pay to £75,000 ($115,000) a year, the London Pensions Fund Authority (LPFA) said in its submission to the Public Service Pensions Commission....

The Confederation of British Industry will back proposals to adopt an annual allowance in its response to the Treasury consultation on higher rate tax relief, PP can reveal.

More than half of scheme managers believe switching indexation of pension increases from RPI to CPI will help pension funds, an exclusive PP survey reveals.

The recent announcement that pension increases will be linked to CPI rather than RPI could leave future pensioners out of pocket. Helen Morrissey looks at whether this will be the case, and asks how the change needs to be managed

Treasury tax reform proposals will have "severe financial implications" for the UK's working middle class, a consultant warns.

Lord John Hutton should consider shifting public sector pensions to a career average structure to address the inequalities of final salary provision, local government employers say.

More than half of employers support auto-enrolling employees into a workplace pension scheme, Department for Work and Pensions research has found.

CZECH REPUBLIC - Czech Finance Minister Miroslav Kalousek wants changes to the pension program, aimed at reducing the fiscal deficit and improving the country's credit rating, to take effect by 2012.

UK - The coalition government's pensions tax relief proposals risk "pulling the rug" from underneath occupational provision, a consultant warns.

The coalition government's pensions tax relief proposals risk "pulling the rug" from underneath occupational provision, a consultant warns.