Steve Webb has confirmed the government will bring forward the start date for the single-tier state pension to 2016, with a £5.5bn windfall for the Treasury from the early abolition of contracting out.
The Chancellor's plans to bring forward the implementation of the single tier state pension from 2017 to 2016 will accelerate the decline of defined benefit schemes, experts warn.
Unions have attacked government plans to allow employers to change scheme rules without trustee consent.
The rise of the state pension age for women improved public finances to the tune of £2.1bn as employment rates for both women and men increased, research from the Institute for Fiscal Studies has found.
With Budget 2013 just around the corner, Barnett Waddingham consultant Malcolm McLean lists the top ten announcements he would like to see.
Granting employers the authority to change schemes to mitigate the cost of ending contracting out will be a "very careful balancing act", the National Association of Pension Funds says.
A 'sleepy area of tax' is starting to wake up says Doug Beardon
More Britons are working beyond the state pension age as they delay retirement, according to data from the Office for National Statistics.
Pensioner pressure groups have mounted campaigns in Eastleigh in a bid to capture attention as national media focus on the shock by-election.
State pension changes will work with automatic enrolment rules to ensure it actually 'pays to save' for retirement, the pensions minister has said.