Pensions Digest - July / August 2010

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Pensions Digest, Towers Watson's monthly publication brings together recent developments for pensions professionals.

• Switch to CPI for pensions indexation and revaluation
  A Ministerial statement announcing changes to revaluation and indexation procedures is of major significance to pension funds.
• Flexible use of DC funds
  Consultation launched on removing the requirement to buy an annuity at age 75.
• Revisions to transfer incentive guidance
  The Pensions Regulator has launched a consultation on a revised version of its guidance on transfer exercises.
• Pensions Regulator consults on multi-employer schemes guidance
  Consultation launched to assist trustees faced with employment cessation events.
• Next steps on auto-enrolment and increasing State Pension Age
  The Coalition Government has launched reviews of two key pension issues.
• Green Paper opens up debate on solvency measures
  The EC Green Paper asks how to improve the adequacy and sustainability of State and private pensions.
• Pensions roundabout
  Our latest round up of issues covers the Pensions Regulator's first Contribution Notice and its intention to issue a new Financial Support Direction tests true strength of its powers, details of a £1.3 billion annuity transaction, a summary of the Government's plans for replacing the FSA and details of the FRC's pensions schemes levy.