Webb 'sceptical' on private IP role in state welfare system

Speaking at a New Statesman event in association with Zurich, the pensions minister (pictured) said he “struggled” to see how private sector insurance companies could play a role in the state welfare system. He said: “I describe myself as permanently open-minded but still sceptical on all of this.” The debate, How do we fund a sustainable welfare system, which also featured veteran Tory peer Lord Hunt, took place on 8 January. Zurich head of corporate life and pensions Simon Foster argued it was possible for private insurance to play a greater role in welfare spending to ease the b...