The UK pensions system is so badly designed it is a "toxic mix" which favours providers over savers and pushes people towards undersaving, Lord McFall says.
The National Association of Pension Funds is lobbying government to add a new objective for The Pensions Regulator - forcing it to promote the survival of workplace pensions.
There were clashes over the switch to the consumer price index as the Pensions Bill was debated in the Lords yesterday.
INDIA - Goldman Sachs Asset Management has acquired India's largest ETF provider Benchmark Asset Management and announced plans to bring actively managed funds onshore.
CANADA - Staff at the Healthcare of Ontario Pension Plan (HOOPP) could soon be compensated for how well they match liabilities.
UK - Buyout deals totalled £8.1bn ($13bn) last year, with £1.6bn of this business written in Q4 alone, research by JLT Pension Capital Strategies shows.
Aries Pension has launched a Retail Prices Index revaluation table to help defined benefit pension schemes who have to keep using the same RPI measure of inflation to revalue benefits.
US - The California Public Employees' Retirement System (CalPERS) has rejected recommendations to lower its discount rate and voted to keep it at 7.75%.
Changes to the Universities Superannuation Scheme could be stalled indefinitely due to an ongoing dispute between employers and employees, a union warns.
Members of the University and College Union have arranged five separate strikes over redundancies and cuts to pensions and pay.