UK - New legislation which will give fixed-term workers the same pension rights as full-time employees is now set for October 1.
The legislation - which follows a European directive - was due to take effect on July 10.
But the Department of Trade and Industry said the Bill was being held back to give unions and businesses time to cope with administrative problems arising from the legislation.
The DTI also said there were concerns over getting Royal Assent for the legislation in time for the deadline
Hammond Suddards Edge partner Francois Barker said the delay was of little use to employers and advisers unless a final draft of the proposals were made available publicly.
He said: “Any delay would be good news in that it gives us time to prepare, but we don’t know what the final form is.”
By Simon Meek
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.