DWP

The government's white paper on defined benefit (DB) security and sustainability has been delayed until spring, it has confirmed.

This week's top stories included coverage of Theresa May's reshuffle, in which the Department for Work and Pensions was given its fifth secretary of state within two years.

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.

DWP analysis reveals that 12 million workers are currently under-saving but reveals majority of employees and employers are contributing at a higher rate than AE minimum.

The government says it plans to clarify legislation around consideration of broader long-term financial risks, and schemes' ability to consider members' non-financial or ethical concerns.

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.