Steve Webb

Jonathan Stapleton asks if tax-relief needs radical reform

Pensions tax-reliefs need to be reformed further in a bid to make the system simpler, more affordable and fairer, scheme managers and human resource professionals say.

Employers showed a "lack of interest" in proposals to give them greater flexibility over defined benefit (DB) schemes, says the Department for Work and Pensions (DWP).

Steve Webb has hit out at Labour's plan to lower the auto-enrolment threshold, saying it would leave low earners with a pension of less than £2 a week at retirement.

Labour has backed a report from the Institute for Public Policy Research (IPPR) that calls for tax relief on pensions to be slashed by £2bn a year.

Helen Morrissey likes the look of collective schemes but questions the government's timing

Pensions minister Steve Webb has dismissed concerns that retirement freedoms announced in the Budget do not work alongside the government's collective defined contribution (CDC) plans.

Auto-escalation may help increase employee contribution rates in workplace pension schemes, according to pensions minister Steve Webb.

The guidance guarantee will fuel demand for independent workplace advice, pensions minister Steve Webb says.

Steve Webb has repeated his call to scrap the lifetime allowance on pension saving and introduce a flat-rate tax relief of 30% on contributions.