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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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Save the tiger: The animals bred for bones on China’s tiger farms

The animals bred for bones on China’s tiger farms

The big cats kept in captivity to perform for paying audiences and then, when dead, their bodies used to fortify wine
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK

A former custard factory, a Midlands bog and a Leeds cemetery

Introducing the top 50 hidden spots in Britain
Ebola epidemic: Plagued by fear

Ebola epidemic: Plagued by fear

How a disease that has claimed fewer than 2,000 victims in its history has earned a place in the darkest corner of the public's imagination
Chris Pratt: From 'Parks and Recreation' to 'Guardians of the Galaxy'

From 'Parks and Recreation' to 'Guardians of the Galaxy'

He was homeless in Hawaii when he got his big break. Now the comic actor Chris Pratt is Hollywood's new favourite action star
How live cinema screenings can boost arts audiences

How live cinema screenings can boost arts audiences

Broadcasting plays and exhibitions to cinemas is a sure-fire box office smash
Shipping container hotels: Pop-up hotels filling a niche

Pop-up hotels filling a niche

Spending the night in a shipping container doesn't sound appealing, but these mobile crash pads are popping up at the summer's biggest events
Native American headdresses are not fashion accessories

Feather dust-up

A Canadian festival has banned Native American headwear. Haven't we been here before?
Boris Johnson's war on diesel

Boris Johnson's war on diesel

11m cars here run on diesel. It's seen as a greener alternative to unleaded petrol. So why is London's mayor on a crusade against the black pump?
5 best waterproof cameras

Splash and flash: 5 best waterproof cameras

Don't let water stop you taking snaps with one of these machines that will take you from the sand to meters deep
Louis van Gaal interview: Manchester United manager discusses tactics and rebuilding after the David Moyes era

Louis van Gaal interview

Manchester United manager discusses tactics and rebuilding after the David Moyes era
Will Gore: The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series

Will Gore: Outside Edge

The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series
The children were playing in the street with toy guns. The air strikes were tragically real

The air strikes were tragically real

The children were playing in the street with toy guns
Boozy, ignorant, intolerant, but very polite – The British, as others see us

Britain as others see us

Boozy, ignorant, intolerant, but very polite
How did our legends really begin?

How did our legends really begin?

Applying the theory of evolution to the world's many mythologies
Watch out: Lambrusco is back on the menu

Lambrusco is back on the menu

Naff Seventies corner-shop staple is this year's Aperol Spritz