ITALY - The International Monetary Fund (IMF) has urged the Italian government to implement further pension reforms in order to shore up the country's fiscal framework.
It added this could allow for faster debt reduction and/or freeing resources to strengthen Italy's weak social safety net.
Earlier this January, Italian welfare minister Maurizio Sacconi said in a speech before the parliamentary committee on labour and social affairs the government would soon submit a proposal to equalise the retirement age of men and women, firstly targeting the public sector.
The minister added the European Court of Justice urged Italy to adjust the coefficients used for the calculations of retirement age. He said the adjustment would take place from January 2010.
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.
The Pensions Regulator (TPR) will double down on its supervision with hundreds of schemes expecting increased oversight, while more than 60 will be subject to dedicated, one-to-one supervision.