UK - Debate and action on saving defined benefit (DB) pensions can no longer be deferred, according to the Confederation of British Industry (CBI).
Lambert said many firms wanted to preserve their schemes but were simply finding the pressures too onerous.
Listing three proposals which could help stem the decline in DB provision, he said the CBI was calling on the government to turn back the tide of "poorly justified regulation". He called instead for a tougher, risk based approach to future pensions legislation.
Secondly, he urged ministers to provide greater stability for firms in terms costs such as the Pension Protection Fund levy. Finally, he advocated companies be given freedom to design schemes that worked and then be left to run them, as long as the funding and covenant were met.
Con Keating, analyst at pension fund insurance vehicle Brighton Rock, agreed with Lambert. He said: "Regulation is now massively disproportionate to the market failure which inspired it."
Meanwhile, Ian Farr, former chairman of the Association of Consulting Actuaries, expressed concern the current focus on risk sharing by the government was actually a way of justifying no further action on pensions.
John Ball, head of DB consulting at Watson Wyatt, warned: "It took a while for the closures of DB schemes to new entrants to reach a tipping point, but this trend then quickly gathered momentum. If a few more high profile employers close their schemes to future accrual, we could see a similar snowball effect."
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.