Legislation

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.

The pensions industry is set to revolt over EU attempts to reignite the issue of solvency standards in pension schemes.

The launch of an independent commission to tackle the public sector pensions bill has been branded as an "opportunity missed" by members of a PP panel of experts.