Legislation

Angela Dimsdale Gill of Hogan Lovells International explains the significance of June's landmark ruling in the ‘Pilots litigation'

Simply levelling-down public sector pensions would be a "short-sighted" approach both in the short and longer-term, the Association of Consulting Actuaries says.

The government's "radical" annuity reform could have serious consequences for retirement incomes and public finances, the Cass Business School warns.

A Court of Appeal ruling has made it "easier than ever" to enforce compulsory retirement despite government plans to scrap the default retirement age.

Trustees could be on the hook for liabilities up to 15 years after a buyout has occurred if they fail to take adequate insurance cover, lawyers warn.

Some 250 ex-employees of IBM are taking legal action against the company they claim "forced" them into early retirement to avoid taking massively reduced pension benefits.

US - Employers with defined benefit (DB) pension plans could receive up to $63bn in temporary pension funding relief as a result of new legislation, research by Towers Watson suggests.

AUSTRALIA - Prime Minister Julia Gillard said a re-elected Labor government will allow Australia's pension industry to offer a new standardised fund recommended by a government-commissioned review.

ITALY - The Italian government has raised the retirement age by three years as part of sweeping austerity measures.

UKRAINE - Ukraine has agreed to make tough changes to its pensions system as part of a deal to qualify for loans worth $15.15bn from the International Monetary Fund (IMF).