Law and Regulation

LABOUR backbench MP Frank Field has hit back at critics who claim his proposed Universal State Pension is too risky.

THE GOVERNMENT has turned to backbench Labour MP Frank Field to advise on pension reform.

A handful of MPs want their own final salary scheme to be scrapped because it is "too generous".

Former Gartmore chairman Paul Myners has conceded that a two-tier system is needed for compliance with his review's code of principles.