Companies giving executive directors excessive cash sums via in-lieu-of-pension payments will be condemned by the High Pay Commission report due later this month.

UK business leaders favour compulsory workplace pension provision over auto-enrolment because

of the administrative implications of the latter.

The Pensions Regulator will slap fines of up to £10,000 a day on firms failing in their auto-enrolment duties.

Genetic tests could be used to determine the value of enchanced annuities within six years, once they receive government backing.