Regulation

FRANCE - A bid by French president Nicolas Sarkozy to raise the official retirement age from 60 to 62 by 2018 has been approved by the lower house of parliament.

US - Governor Chris Christie has unveiled a proposed series of cuts across state pensions as he tries to shore up a deficit that sits at $46bn, and growing.

PricewaterhouseCoopers has been forced to undertake an exhaustive review of its client base after the Financial Reporting Council discovered it was acting as auditor to a company while providing actuarial services to its defined benefit pension scheme....

David Norgrove's replacement at The Pensions Regulator will be paid £53,000 less than the outgoing chairman.

The trustees of the £20bn Royal Mail Pension Plan have tabled a 38-year deficit reduction plan to The Pensions Regulator, the Hooper report reveals.

The Pensions Management Institute has issued a survey to its membership requesting views on The Pension Regulator's consultation on enhanced transfer value exercises.

The industry urgently needs a decision on pension tax relief restrictions, the Association of Consulting Actuaries warns.

The Pensions Regulator's draft trustee guidance on covenant assessment is a "missed opportunity", Sackers says.

The complex web of regulations governing the 2012 pension reform package poses a threat to businesses and the creation of new jobs, the British Chambers of Commerce warns.

The Pensions Regulator is facing a backlog of post-credit crunch funding disputes as trustees and companies attempt to plug scheme deficits.