Global Pensions | 13 Aug 2010
UK - The National Association of Pension Funds is backing auto-enrolment and NEST in the main but says the finer details around scheme-based certification need clarification.
UK - Proposals to index private sector pension increases to the Consumer Price Index amount to a "stealth cut" on the average worker's retirement pot, unions have claimed.
UK - European Commission proposals for an adjusted version of Solvency II standards for pension schemes could cost Britain £500bn if they are implemented, the Confederation for British Industry has warned.
EUROPE - The European Commission has launched a Green Paper reopening the issue of solvency standards in pension schemes.
UK - Chancellor George Osborne must abandon planned cuts to pension tax relief for high earners in the emergency Budget, the National Association of Pension Funds says.
UK - The National Association of Pension Funds has urged the government not to damage the UK’s savings culture by back peddling on pension reforms.
UK - A group of institutional investors has written to all FTSE350 chairmen urging them to reveal more detail about executives’ pensions.
UK - Cutting back public sector pensions would lead to an almost immediate £8bn (US$11.45bn) cost to the taxpayer, the Chartered Institute of Public Finance and Accountancy said.
UK - The Local Government Pension Scheme is currently unaffordable and will wither away unless radical action is taken, delegates heard.
EUROPE - The international trade body for hedge funds, along with the NAPF, this week urged the European Parliament to vote down an amendment to a controversial directive that would hinder its members investing in EU alternative funds.
Default funds are moving beyond plain-Jane equity offerings, as Sebastian Cheek reports
The National Employment Savings Trust is the UK government’s solution to the pensions problem, but it has met with some controversy, as Jenna Towler reports
UK - The National Association of Pension Funds has called on the occupational pensions industry to establish super trusts which it said would add 30% to members’ pension pots.
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