department for work and pensions

Esther McVey must ensure current pension projects are not neglected and continue the success of auto-enrolment (AE) as a priority, industry commentators say.

After the government's auto-enrolment review found 12 million people were under-saving, Jonathan Stapleton says changes are needed to ensure young workers can afford to retire.

Esther McVey has been appointed secretary of state for work and pensions in a major promotion for the MP.

David Gauke has been moved from the DWP to the Ministry of Justice as part of Theresa May's 2018 reshuffle.

The government has set out plans to scrap the auto-enrolment (AE) lower earnings limit and extend the programme to 18-year-olds, but not until the mid-2020s.

Auto-enrolment (AE) has now brought nine million workers into occupational pensions since its introduction in 2012, latest government figures show.

The pensions and financial inclusion minister has rejected suggestions that the government is dominated by Brexit discussions and has no time to deal with pensions issues.

Defined contribution (DC) savers face lower costs and charges after providers made a concerted effort to reduce these to less than 1% over the past two years.

Master trusts have escaped significant regulatory scrutiny despite their surge in usage under AE since 2012, but this will soon change. James Phillips reports.

The Pensions Regulator (TPR) will authorise and supervise defined contribution (DC) master trusts under a planned regime which will "strike the right balance" between member security and scheme burdens.