UK - Opposition MPs have launched a blistering attack on the government's pension reforms.
Conservative pensions spokesman David Willetts said: “We are concerned the requirement to guarantee benefits could put significant costs on employers.”
And Liberal Democrat work and pensions spokesman Steve Webb warned that the Pension Protection Fund would fail unless the government put money behind it. This, he said, would give workers the illusion of security.
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