Legislation

Administrators were forced to compensate a "missing member" of a wound-up pension scheme after losing all record of his contributions.

UK - FTSE 100 companies' pension schemes had a net deficit of £41bn (US$80.1bn) at mid July this year compared to a £12bn (US$23.4bn) surplus in July 2007, a report by Lane Clark & Peacock LLP (LCP) has shown.

UK - Companies have shown interest in collective defined contribution (CDC) schemes or said the government should change pensions legislation to accommodate such schemes, a survey conducted by Hewitt has revealed.

EMPLOYERS could face a surge of retrospective age discrimination claims relating to occupational pension schemes after two European court rulings, a law firm warns.

EMPLOYERS will be able to use existing contribution calculations when working out if their scheme is exempt from personal accounts, the government says.

THE Pensions Regulator has stressed the importance of good record-keeping in the governance of pension schemes in a consultation launched today.

SCHEME wind-up victims who fell outside the scope of both the Financial Assistance Scheme and the Pension Protection Fund will qualify for help, the government has confirmed.

The Personal Accounts Delivery Authority has said it would be considering "several issues" after the industry failed to reach a consensus over the scheme's charging structure.

NO clear consensus on the charging structure of personal accounts has emerged from the industry consultation, the delivery authority reports.

THE powers of the pensions ombudsman could become far more flexible following a Court of Appeal ruling, a lawyer says.