Liberal Democrat pensions minister Steve Webb has blasted Labour's legacy on pensions in a speech to his party's faithful over the weekend.

The Pension Protection Fund is unlikely to receive any payments as a result of camera retailer Jessops' bankruptcy, despite having £2.5m worth of loans with the company, according to the Sunday Telegraph.

Mark Carney's arrival at the Bank of England will prompt a fresh round of monetary policy with "no let-up" for pension funds already struggling with low interest rates, the former deputy governor of the Bank told delegates.

Trustees need to "tell the truth" about the value of their contingent assets, the Pension Protection Fund chairman says.

Defined contribution schemes are conflating the needs of young and old members and must create separate instruments for each group's needs, delegates heard.

Schemes are increasingly looking to "midfield assets" to match liabilities with higher yields, Axa Investment Management says.

Pension funds can lend to businesses and fill the gap left by retreating banks, but will not be treated like "mugs", according to Tesco chief investment officer Steven Daniels.

High bond returns since 1980 were not normal and will not be replicated, according to London Business School professor Paul Marsh.

Hannah Brenton examines the impact of the latest elections

Former prime minister Tony Blair warned politicians are struggling to make the "right" decisions on pensions, public services and welfare due to short-term political pressure.