The CBI has launched a major bid to tackle the pensions crisis with key proposals including better employer schemes, a higher state pension and an increased retirement age.

In a move to develop sustainable pensions provision the business group launched a 22-point action plan aimed at companies, individuals and the government.

Ministers are warned that they must do more to tackle the "seriousness of the emerging pensions crisis".

Forum Response: National Consumer Council

Diane Gaston, head of corporate and public affairs at the National Consumer Council, said: "The CBI’s backing for a more generous state pension, and a shift away from complex means testing for pension top-ups is significant and welcome.