Legislation

UK - A draft code of conduct setting out how the Pensions Regulator will use powers designed to curb pension scheme abuses has been cautiously welcomed by the industry.

AMENDMENTS to the Pension Bill to introduce measures to further protect the benefits of scheme members were announced by the government today.

HM Revenue & Customs will try and block a test case launched by the National Association of Pension Funds and the Wheels Common Investment Fund, PP has learned.

THE Conservative Party has called for emergency pension protection in the light of the current troubles in the financial markets.

Trustees who believe they have complied with conflict of interest requirements under the Companies Act could remain in breach of the law, Allen & Overy warns.

A campaign group backed by Age Concern has lost a key stage in its legal challenge against mandatory retirement ages.

THE department for work and pensions is considering options to relax the rules on returning scheme surpluses to employers, PP has learned.

SCHEMES threatened with insurance style funding requirements under Solvency II proposals have been given a reprieve, Watson Wyatt says.

Government research which concluded there is little employer appetite for shared risk pension schemes is "flawed", a consultant says.

US - Cash balance pension plans have again become a viable option for companies in the US after a series of appeals court rulings put an end to uncertainty surrounding their future.