The pensions industry needs a single regulator or gaps in scheme governance will harm savers, MPs have said.

The recent publication of the General Anti-Abuse Rule (GAAR) has bolstered measures to limit "extreme" tax avoidance and will focus governance on tax, experts have said.

Barclays is due to announce it has awarded some of its most senior staff shares worth millions, according to reports.

The National Association of Pension Funds (NAPF) and Wheels Common Investment Fund (WCIF) have lost their bid to recoup £2bn in backdated VAT on investment management services for defined benefit pension schemes.

The National Employment Savings Trust (NEST) £4,400 contribution cap may prevent some of its members from achieving adequate retirement income, according to the Pensions Policy Institute (PPI).

Threadneedle Investments has confirmed the appointment of Campbell Fleming as its chief executive.

The UK has spent too long developing layers of ineffective and frustrating regulation in its financial services sector, according to economist John Kay.

The Financial Services Authority (FSA) and its successor bodies may not be able to prioritise pensions standards if regulation were moved to a single body, a top regulator has said.

National Employment and Savings Trust (NEST) Corporation has revealed it saw a 40% opt-out rate following its auto-enrolment staging date.

Prudential has appointed Philip John Remnant to its board as non-executive director and senior independent director.