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.
While 233 delegates from the opposition left wing voted against the reform, the bill gained the support of 329 legislators in France's National Assembly, as thousands of people protested against the changes outside.
Under new proposals, people will be able to access their full pension regardless of their contribution period between the ages of 65 to 67. The retirement age is expected to be increased again at a later date.
The government believes that changes will plug an annual deficit of around €42bn ($55bn) a year by 2018 and €100bn by 2050.
Trade unions are going to plan a day of strikes against the reform next week following one million people taking to the streets on September 7th over the same action.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers