Webb on why his pension reforms have real bite

Pensions minister outlines his plans

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Pension minister Steve Webb's vision for pension reform seemed a hollow narrative until last week.

“Hamlet without the prince,” Labour peer Baroness Hollis had lamented. But what a difference a Budget makes. Last week Webb introduced his star character onto the public stage with the publication of his long-anticipated Green Paper on state pension reform. The paper – A state pension for the 21st century – had been mooted since last October. Its 55 pages could become a 21st century testament to the chutzpah of a coalition in the first flush of power – or a mere footnote in pensions’ tortured history of reforms. With pensions currently in flux due to a barrage of policy changes, the n...

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