Regulation

The Pensions Regulator will publish detailed guidance for large employers and intermediaries on compliance with employer duties in May.

US - Two government reports released yesterday found employers offering 401(k) plans have little understanding of securities lending activities within their defined contribution plans.

The National Association of Pension Funds is lobbying government to add a new objective for The Pensions Regulator - forcing it to promote the survival of workplace pensions.

UK - The Pension Protection Fund will modify how it calculates investment and insolvency risk to ensure a "stable and more predictable" levy for schemes, its chief executive says.

UK - Final salary public sector pensions should be phased out in favour of cheaper career average schemes by 2015, Lord Hutton said.

Final salary public sector pensions should be phased out in favour of cheaper career average schemes by 2015, Lord Hutton says.

Secretary of state for work and pensions Iain Duncan Smith set out the coalition's plans for radical state pension reform yesterday.

POLAND - Poland's government approved its plan to reduce transfers to private pension funds, a move that will trim the country's borrowing needs by about 190 billion zloty ($67bn) through 2020.

POLAND - Poland's plan to cut transfers to private pension funds, already delayed by a month, may not be in place until the second half of 2011, posing a threat to the fiscal-deficit goal, Citigroup'S Polish unit said.

UK - Public sector discount rates should be tied to UK economic growth to reflect future tax revenues needed to fund the scheme, the Pensions Policy Institute says.