Webb faces backlash over small pension pot plans

Age UK, the TUC and Which? issued a joint statement this afternoon highlighting the risks the plan poses to workers who transfer to an employer with a poorer quality pension scheme. They also said there are practical issues to consider as workers do not move from job to job in a uniform way. The statement comes after pensions minister Steve Webb backed the idea that a pension pot should follow a worker as they change jobs throughout their career. The alternative, a small pension pot aggregator scheme, was not endorsed by the government. TUC general secretary Brendan Barber (pict...