UK - John Hutton (pictured), the new state secretary for work and pensions, has pledged to press ahead with the government's pension reform agenda with a particular focus on the pension challenges faced by women.
Hutton, who replaced David Blunkett last week, said he planned to press ahead with the government's programme to renew the welfare and pensions system, and listen to members of the public about their pensions challenges - particularly those faced by women.
“I am committed to building a modern, active and inclusive welfare state that balanced rights with responsibilities, and that matched respect of society for the individual with respect by the individual for society.”
Stephen Timms, minister of state for pension reform, said government had taken steps to help today's female pensioners, particularly through pension credit, which he said has lifted 1.3m women out of abject poverty.
“We want to build a system that works for women,” he said. “It is not just about lifting women out of poverty in retirement, but ensuring they do not face the prospect of financial hardship in the first place.
Delivering fair outcomes for women will be central to the consensus we build to address the pensions challenge.”
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.