Steve Webb

Businesses which do not tap into Britain's growing older population could suffer skills shortages and lose an important competitive edge, according to a Department for Work and Pensions (DWP) guide.

Consumer group Which? has called on the government to ban consultancy charging entirely from auto-enrolment pension schemes to give savers a 'fair deal'.

Nearly a quarter of adults (23%) in the UK have lost track of at least one pension pot according to research from charity Age UK.

Pensions minister Steve Webb has urged the European Commission to scrap its Solvency II-style proposals for pensions after official figures estimated they would cost UK schemes £450bn.

Henry Tapper on the DWP's invitation to actuaries to create a DA system

The Pensions Regulator chief executive Bill Galvin has announced his departure from the watchdog.

The Department for Work and Pensions has launched a consultation on its proposals to improve auto-enrolment, including simplifying eligibility and potential exemptions for defined benefit schemes from qualification requirements.

Pensions minister Steve Webb has said the abolition of contracting out, brought forward to 2016, does not mean defined ambition proposals must be finished earlier.

The industry has called on pensions minister Steve Webb to publish guidance on defined ambition schemes as the abolition of contracting out has been moved from 2017 to 2016.

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.