Steve Webb

The DWP will look into improving annuity rates for people with pension pots of under £5,000, pensions minister Steve Webb says.

The coalition government's cuts to child benefit for anyone earning over £44,000 is ‘a worry' and answers from the Treasury are ‘not good enough', pensions minister Steve Webb has been caught saying.

The government has hit problems with the reform of the state pension due to contracting-out complications and will now delay releasing its planned consultation, Ros Altmann says.

More than 100 British veterans living abroad have signed a petition against their pensions being frozen and some are threatening to hand back their medals in protest.

Investment disclosure guidelines need greater clarity to help people make more informed choices about their pensions, Steve Webb says.

Inflation figures published today prove the government is making poor people worse off by using CPI for measuring pension payment increases, Labour says.

The government has calculated the move from RPI to CPI indexation for occupational schemes could reduce the value of pension rights by as much as £76.6bn over 15 years.

Steve Webb has said the government will not give private sector schemes the power to override scheme rules to shift from RPI to CPI indexation.

The Pensions Regulator should be more accountable and promote high-quality workplace pensions, trustees and scheme managers believe.

UK - An industry-wide consultation on the RPI to CPI switch will be issued tomorrow, Steve Webb says.