News

The Maxwell scandal could be repeated despite the raft of legislation introduced to protect members over the last 20 years, experts warn.

The gender gap in pensions is closing as half of women are saving adequately for retirement, but they are still putting away less than men, research finds.

The government will allow the Local Government Pension Scheme to ditch Lord Hutton's proposals for a career average scheme and keep the final salary arrangements if it can justify it is "fairer" for members, a senior source close to government says.

AUSTRALIA - The wheels were finally set in motion to raise the contribution limit in Australia to 12% from 9% with the introduction of a new bill today.

US - The California Public Employees' Retirement System (CalPERS) is in search of a manager to provide index fund products for six of its trust funds.

UK - The government has offered unions an improved accrual rate of 1/60th and more protection for workers approaching retirement in a concession on public sector pension changes.

The Federation of Small Businesses has set up a multi-employer pension scheme for its members in preparation for auto-enrolment.

The Pensions Regulator has said the separation of schemes from employers is "rarely the best solution" - one day after a scheme where it allowed such a move announced it was winding up.

NEW ZEALAND - The New Zealand Superannuation fund has returned -11% for the third quarter of 2011.

Women will be ‘winners' once auto-enrolment is introduced next year, but pensioners who rent in retirement could end up getting less back than they put in.