Steve Webb

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.

The government has confirmed its commitment to overhaul the retirement process and announced new plans to introduce collective defined contribution (CDC) in the Queen's Speech today.

Workers are to be given the option of saving into new 'collective' pension schemes which ministers believe could boost their incomes by up to 30%, under plans to be unveiled in the Queen's Speech later this week.