Government

Employers and workers are being asked to submit their views on the default retirement age to feed into the official government review taking place next year.

Minor amendments to personal accounts scheme order and rules will be made as a result an industry consultation but no major changes will take place, PADA says.

There are signs the government is meeting some of the challenges facing the pensions industry, the Confederation of British Industry says.

Political consensus around personal accounts is losing cohesion, pensions minister Angela Eagle admits.

The Liberal Democrats have urged the government to act quickly to finally resolve Equitable Life compensation.

Simon Hedger discusses why global property securities currently offer substantial opportunities for pension funds

IRELAND - The Irish government is set to consider cuts to public pensions in the upcoming budget in a bid to close a gap in public finances of over €20bn (US$29.6bn).

US - TIAA-CREF has divested from Israeli investment company Africa-Israel following allegations such company violates human rights and international law.

NORWAY - The Government Pension Fund - Global has excluded Israeli company Elbit Systems from its portfolio on the basis of ethical reasons.

Potential loss of means-tested benefits for 5% of personal accounts savers is "unacceptable" but must not overshadow the positive aspects of auto-enrolment, B&CE Benefit Schemes says.