Steve Webb

The Labour opposition should have come up with a solution to help women disproportionately hit by the rise in the state pension age to 66 by 2020, pensions minister Steve Webb says.

Unions have rejected proposals put forward by pensions minister Steve Webb to reform the basic state pension, saying its cost neutrality "condemns it to failure".

Public services risk losing £3.4bn a year from budgets if contracting-out is removed as part of a switch to a single-tier state pension, a report reveals.

The government has hinted it will change rules around short service refunds after warning companies not to assume such refunds will continue in their current form.

The government has reiterated it will not introduce legislation to override pension scheme indexation rules.

Jonathan Stapleton analyses a member's right to choose

The government's decision to revalue pensions by Consumer Prices Index inflation has led to a "scheme rules lottery" for private sector schemes, a lawyer warns.

The Association of Consulting Actuaries has urged government to seek further legal certainty on guaranteed minimum pension equalisation because of the £10bn cost to employers.

Pensions minister Steve Webb has again vowed to clamp down on companies offering a "bung of cash" to staff who give up defined benefit pensions.

The Prime Minister has become embroiled in the row over raising the state pension age for women.