Steve Webb

Labour has accused the government of pandering to special interests as it delays lifting the restrictions on the National Employment Savings Trust (NEST) until 2017.

Restrictions on the National Employment Savings Trust (NEST) will be removed to allow it to "focus on its target group without any distraction", says pensions minister Steve Webb.

Pensions minister Steve Webb is to use the Pensions Bill to change the structure of benefits given to people who delay taking the state pension.

The Department for Work and Pensions (DWP) has launched a call for evidence into standards in defined contribution (DC) workplace schemes.

The government will today publish a call for evidence into quality standards in workplace defined contribution (DC) schemes.

Pensions minister Steve Webb yesterday laid draft regulations before Parliament which will ban consultancy charging (CC) on auto-enrolment (AE) when they come into effect.

Aviva and Hargreaves Lansdown have proposed an alternative system to pot follows member in which members' pensions do not transfer when they move jobs, but their new employers pay into their old schemes.

Pensions minister Steve Webb has admitted he is unsure if the legislative framework for defined ambition (DA) will be in place before the end of this Parliament.

The Department for Work and Pensions' (DWP) proposals for defined ambition (DA) or collective defined contribution (CDC) models must not be too prescriptive, The Pensions Regulator (TPR) chief executive Bill Galvin warns.

The government has confirmed the cap on compensation paid by the Pension Protection Fund (PPF) will be adjusted to give more money to long-serving employees with large pension pots.