Legislation

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).

UK - European Commission proposals for an adjusted version of Solvency II standards for pension schemes could cost Britain £500bn if they are implemented, the Confederation for British Industry has warned.

GREECE - Greek Prime Minister George Papandreou passed an overhaul of the pension system in a vote that tested the unity of his socialist government and prompted the second national strike in as many weeks.

EUROPE - The European Commission has launched a Green Paper reopening the issue of solvency standards in pension schemes.

The European Commission has approved a government loan to cover the set-up costs for the National Employment Savings Trust.

Employers who thought they were free of funding obligations might still be "on the hook" for paying liabilities, following a High Court ruling yesterday.

UK - The Pension Protection Fund has recruited six global tactical asset allocation managers as part of its statement of investment principles announced earlier in the year.

A woman who had a sex-change operation 10 years ago has won her battle to receive a pension from the age of 60.

The government has announced it will undertake an independent review of auto-enrolment.