UK - Pensions became political hot potatoes during conference season in the UK last month...
The residing Labour government was first to outline pension policy at its annual conference, held this year in Bournemouth, when it proposed a cash incentive of up to £30,000 for people who choose to work until age 70.
Some commentators, however, were quick to point out that pensioners could be worse off under the plan if they lost the current Pension Credit as a result.
More than two million pensioners started to receive the new Pension Credit last month. It will guarantee everyone aged 60 and over an income of at least £102.10 a week, or £155.80 for couples.
Demonstrations organised by pressure group the National Pensioners Convention immediately called for a rise in the universal state pension instead.
But pensions minister Malcolm Wicks defended means-testing, saying it ensures extra funds go to those who need it most.
Steve Folkard, AXA's head of pensions marketing in the UK, said: The announcement at the party conference is another indicator that a state pension age of 70 is on the government's agenda.
“AXA has long held the view that raising the state pension age would stimulate savings as people want to be able to retire at a time of their choosing.”
At the same conference, work and pensions secretary Andrew Smith said an independent commission would examine the case for greater compulsion.
Economic secretary to the Treasury Ruth Kelly also warned that if workers would not save voluntarily then the government would have to consider compulsion.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.