Legislation

Spanish prime minister Jose Luis Rodriguez Zapatero said his country must overhaul its pension system, including raising the retirement age and changing the way payments are calculated.

UK - Government plans to switch inflation-linked uplifts for final salary pension schemes from the retail price index (RPI) to the consumer price index (CPI) have had an instant and negative effect on the UK index-linked gilt market, Aegon Asset Management...

Government must implement radical reforms to provide incentives for pension saving, Fair Investment Company says.

Pensions minister Steve Webb has made a written statement to parliament clarifying the government's proposals to index private sector pension increases to CPI rather than RPI.

UK - Pensions minister Steve Webb has made a written statement to parliament clarifying the government's proposals to index private sector pension increases to CPI rather than RPI.

The trustee of the BT Pension Scheme is seeking a High Court ruling on the scope and extent of the Crown Guarantee, which could force the government to support its £9bn deficit in the event of insolvency.

US - States may face increased retirement- fund deficits and pressure to stop skipping pension contributions under proposals being reviewed by the Governmental Accounting Standards Board.

UK - Proposals to index private sector pension increases to the Consumer Price Index amount to a "stealth cut" on the average worker's retirement pot, unions have claimed.

The government is set to index private sector pension increases to the Consumer Price Index in a move that could cut £100bn from scheme liabilities.

EUROPE - The European Commission is considering an EU-wide safety net for pension schemes similar to the UK's Pension Protection Fund (PPF).