Steve Webb

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

The UK private pension system is "not fit for purpose" and "hugely inefficient", research by the Royal Society for the encouragement of Arts, Manufactures and Commerce finds.

UK - There is a "real danger" the auto-enrolment regime could be so broad it becomes an unenforceable law, Alan Pickering warns.

More than 10 million people will see their state second pension hit by the Consumer Price Index switch by the end of this parliament, the government says.

The switch from RPI to CPI for pensions indexation will give members a lower outcome over the long term but gives better consistency, Steve Webb says.

The government's decision to switch pension indexation to the Consumer Prices Index is "policy on the hoof", the Labour pensions spokeswoman says.

Pensions minister Steve Webb has defended the CPI pension indexation switch after the Trades Union Congress accused him of breaching members' accrued rights.

UK - The government has today detailed plans on how the state pension age will rise to 66 by 2020.

David Cameron faced accusations during Prime Minister's questions today from a Conservative MP over the negative effect auto-enrolment into pensions will have on small businesses.

The government has today detailed plans on how the state pension age will rise to 66 by 2020.