Legislation

UK - Today's auction of inflation-linked British bonds garnered the lowest demand since October 2008 as analysts said the government's planned changes to pension indexing created uncertainty for fund managers.

Majority of schemes polled claimed deferred members would be hit by move

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.