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Minister for Pensions Steve Webb has today attacked the EU’s plans to use a Solvency II-style basis to measure pension liabilities as it could end up costing UK employers with final salary schemes around £150bn.

See on www.pensionsage.com

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Advisers turn to ETFs for risk managementFinancial TimesA focus on risk management means exchange traded funds will soon account for one third of US financial advisers’ portfolios, according to research by Invesco.

See on www.ft.com

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UK growth hobbled by overambitious banksFinancial TimesZombie companies used to be regarded as a strictly Japanese phenomenon. Not any more.

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BBC NewsTax avoidance schemes ‘costs UK billions in lost revenue’BBC NewsThe inability of HM Revenue and Customs (HMRC) to properly curb aggressive tax avoidance schemes is costing the UK billions of pounds, a report suggests.

See on www.bbc.co.uk

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The Department for Work and Pensions is addressing a ‘loophole’ in legislation, which could potentially delay auto-enrolment for 4 million individuals who are offered a mix of DB (defined benefit) and DC (defined contribution) pensions.

See on www.autoenrolment.info

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Personal finance: Local investment loss shows need for diligenceChattanooga Times Free PressIt’s not exactly a Madoff-sized swindle, but for the Soddy-Daisy investors who lost their savings, the pain is just as real.

See on www.timesfreepress.com