UK - Official projections that the UK will continue to spend only 5% of its gross domestic product on state pensions over the next 50 years have been dismissed by the Conservatives.
The party’s work and pensions spokesman David Willetts warned that these figures would only be reasonable if the UK had healthy and widespread funded pensions.
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.