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News John Lewis at Westfield shopping centre

John Lewis has decided against closing its final salary pension scheme, leaving it as one of the only retailers in the country that still offers new staff the gold-plated retirement payouts more commonly associated with politicians and civil servants.

Expert talk: Five point action plan to improve the retirement market

The Financial Services Consumer Panel has called for an urgent reform of the pension annuities industry in a damning report.

Pensioners are at risk of receiving less income in retirement than they should as a result of poor value, excessive profits and inadequate practices carried out by life insurers, according to the report.

So what can consumers do, and how can the industry be improved? Tom McPhail, head of pensions research at Hargreaves Lansdown, has a five point action plan:

Carpetright's turnaround floored as profit and revenue fell in the first half

Tough conditions in Europe muted the modest success of Carpetright’s “self-help” efforts in the UK, as profit and revenue fell in the first half.

Britain's pensions system failing consumers, experts warn

The current pensions system is failing the consumer, according to pension experts.

NHS job cuts have harmed hospital care and patient safety, according to a survey UNISON conducted among its members

NHS job cuts harming patient care and safety, say staff

55 per cent said they believed cuts had “significantly impacted on patient care and safety”.

Manchester United manager David Moyes has claimed supporters understand the need to look at

Bob Paisley's early struggles offer David Moyes comfort as he takes 'complete responsibility' for Manchester United results

The English champions take on Shakhtar Donetsk on Tuesday looking to top their Champions League group

Pension schemes face funding crisis

Britain’s pension schemes remain gripped by a funding crisis, despite the nation’s recent economic revival, figures published today reveal.

George Osborne said in June that the savings from delaying the state pension age were 'absolutely enormous'

Autumn Statement will make the winter of old age colder and harder for today's young people

Will there even be state pensions by the time my children grow up?

Autumn Statement 2013: At a glance

The main points of the Chancellor's Autumn Statement:

Luis Aragones pictured after victory at Euro 2008

Luis Aragones, who led Spain to Euro 2008 victory, announces retirement

The manager had not worked in four years anyway

Working longer is not so bad

Being forced to wait even longer for a state pension may seem a bleak prospect, but working until 70 won’t necessarily be a bad option.

Irish unemployment falls to lowest level since 2009

The number of people signing on last month fell to just over 390,000.

Osborne begged: don't hit savers next Thursday

Savings experts are worried about what changes the Chancellor will make next week

Protesters try to obstruct a lorry making its way down Barton Moss Road

Barton Moss: The latest front line in Britain’s unconventional energy revolution against fracking

Jonathan Brown meets the protesters hoping to create the spirit of Balcombe

Protesters carrying a coffin to npower’s offices in London to highlight the number of deaths linked to the cold weather

Winter freeze led to 31,000 extra deaths last year - against a backdrop of soaring energy prices

Needless fatalities pile pressure on Cameron and Big Six over energy price rises

19-year-old Ross Barkley was the latest youngster to make his England debut on Friday against Moldova

Roberto Martinez tells Ross Barkley to focus on Everton ahead of game against Liverpool

The midfielder could have his attention taken by the World Cup

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