UK - George Osborne, the Conservative shadow chancellor has launched a fresh attack on Gordon Brown's pensions policy.
At the PIMA annual conference in London, Osborne said: "The pensions issue has been Brown's biggest policy failure since he took over the Treasury in 1997."
The criticisms leveled at Brown relates to the ongoing allegations from the Conservatives that public sector workers are better provided for than their private sector counterparts.
Osborne said: "There used to be an implicit deal - public sector workers didn't get paid as much as those in the private sector, but they had job security and generous pensions." He claimed that public sector workers now received a higher median pay that private sector workers and thus it was unfair that the government's pensions policy should favour public sector employees.
The Conservatives said order to address the inequality in the pension system the government needs to re-open talks with the public sector unions. Osbourne specifically called on Brown to raise the retirement age of public sector workers to 65.
Although Brown has already admitted that "there is a lot of work still to be done" in reaching a public sector settlement, Osborne stated: "I hope he's getting on with it because this chancellor has a reputation for promising things he doesn't deliver. Let us see if he has the courage to confront the public sector unions."
Brown will need to show that he is striving to create an even playing field between private and public sector workers if he is to answer his critics.
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point