US - The House has unanimously approved a bill that would prevent convicted lawmakers claiming pensions, with a vote of 431 to zero.
While the bill would not allow pensions to be stripped retroactively, any lawmaker convicted of crimes like bribery, fraud, perjury would no longer be able to claim their Congressional pensions. Up until now, the only reason pensions could be withheld was in instances of treason or other espionage offences.
The measure will now go to a committee to work out any issues.
The law comes in the wake of several high profile scandals involving lawmakers in the past year.
Among the most notorious was the case of Tom DeLay (R-TX), who was forced to quit over his connections to lobbyist Jack Abramoff, a central figure in a series of high-profile political scandals.
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.