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I now write on law and regulation facing the pensions sector for Professional Pensions and this portfolio will no longer be updated. Please read all my new articles on the Professional Pensions website.

Retail giant Asda is offering up to £360,000 raised from plastic bag charges to charity, it announced yesterday.

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With more than one trillion plastic bags distributed worldwide each year, the amount of waste created through everyday shopping is substantial, contributing to an ever-growing crisis of polluted water and non-biodegradable landfills. Estimates suggest there are nearly 50,000 pieces of plastic floating in every square mile of the world’s oceans which take up to 500 years to degrade.

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Plastic bag use is continuing to expand, according to new data from waste advisory charity WRAP that reveals 8.5 billion single-use carrier bags were handed out by UK supermarkets last year.

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