UK - The CBI has backed government proposals for increasing pension protection.
But it warned that making pension schemes too costly could “do more harm than good”.
CBI deputy director-general John Cridland stressed the cost of providing occupational schemes had risen and anything which added to that would be “extremely damaging”.
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