Steve Webb

Seven industry bodies have written to Steve Webb strongly criticising the government's proposals on Guaranteed Minimum Pension equalisation and calling for equalisation guidance put forward in January to be scrapped.

The industry has supported Steve Webb's promotion of ‘defined aspiration' occupational pensions which encourage risk sharing, but warned the government will have to make significant legislative changes to make it work.

Outrage as Treasury plans ‘granny tax II'; Webb goes public with ‘defined aspiration'; Aviva sends wrong details to thousands of customers.

Jack Jones examines the role virtual aggregators could play in solving the small pots problem.

Jenna Towler gets into gear for a day at the office

Plans to exempt UK employers from having to auto-enrol staff working in Europe have won the backing of the National Association of Pension Funds.

Defined benefit payouts will peak this year before tailing off as the impact of scheme closures is felt, says the Department for Work and Pensions.

The pensions industry has thrown its weight behind the creation of aggregator schemes to make Steve Webb's ‘operation big fat pension pot' a success.

Small to micro employers will be given a "significant easement" of £1.7bn in the roll-out of auto-enrolment, under government plans to delay both staging and contribution rates.

Pensions minister Steve Webb has reaffirmed his intention to scope out the middle-ground between defined contribution and defined benefit provision.