DWP

The Department for Work and Pensions will review the Pension Protection Fund compensation cap over fears long-serving workers are receiving "penal" treatment.

The auto-enrolment earnings trigger could be pushed up to £9,440 following a surprise increase in the personal tax allowance in yesterday's Autumn Statement.

The DWP has more in mind than reforming the structure of pensions – it wants to win public trust. Rachel Dalton reports

Rachel Dalton on the million people in the UK who are excluded from financial services

Pensions minister Steve Webb has written to the Association of British Insurers demanding evidence that consultancy charges levied on schemes are value for money.

A clear majority of people will remain in a workplace pension once auto-enrolled, a Department for Work and Pensions survey has shown.

The issue of advising small pension pots is to be debated in the House of Lords on 27 November.

The pensions industry has welcomed the Department for Work and Pensions report ‘Reinvigorating workplace pensions', but highlighted that more work must be done.

Companies could establish defined benefit schemes which are not indexed by inflation, under government proposals.

The Department for Work and Pensions will work with the Treasury, the industry and the Money Advice Service to create a standardised ‘lifecycle' of pensions communications to send to individuals.