Steve Webb's vision for pension reform

Speaking at the National Association of Pension Funds Annual Conference in Liverpool, Webb outlined a programme of reform that in effect runs way past next year’s General Election. Such an idea is hardly music to the ears of an industry already struggling to cope with an onslaught of change. Webb responded to industry pleas for more information on how to implement the flexibilities announced in the Budget that are due in April 2015 by saying more information would be available soon. “We are working hell for leather on getting more clarity on these changes,” he said. “It is a big...