Pensions Minister

Liberal Democrats, including pensions minister Steve Webb, have backed a wide-ranging pensions reform package put forward by experienced member-nominated trustee Janice Turner at its Spring Conference.

The government is considering building regulated advice into its proposed system to aggregate small pension pots.

The government has proposed to exempt employees who work both in the UK and European Economic Area member states from auto-enrolment.

Pensions minister Steve Webb has ruled out calls to include membership of the UK Stewardship Code as a legal requirement for qualifying auto-enrolment schemes.

Revisions to the regulations governing automatic enrolment have been released following the conclusion of a Department for Work and Pensions consultation.

Short service refunds from defined contribution schemes are to be abolished as part of the government's drive to increase pension saving.

Steve Webb has outlined two "big bang" solutions to the issue of small pot consolidation.

Steve Webb has quashed speculation the Treasury could stop up rating pensions with price inflation and replace it with a lower figure next year to save money.

Pensions minister Steve Webb has hinted at the potential development of a national transfer system to help consolidate small pension pots.

High quality financial advice during de-risking exercises is crucial to ensuring the process is open and fair to members, pensions minister Steve Webb says.