Labour

Labour's pledge to reduce the auto-enrolment threshold is a step in the right direction but lower paid employees are still missing out under the ‘band earnings' rules, according to Scottish Widows.

Labour is set to announce plans that would see an extra 1.5 million workers automatically enrolled into a pension scheme.

Labour has backed the Chancellor's move to radically overhaul the pension system, which will give retirees freedom to do what they want with their money at age 55.

Pensions minister Steve Webb has led a House of Commons defeat of a "deeply flawed" opposition amendment on charges in the Pensions Bill.

The Labour Party has confirmed its policy to restrict higher-rate pensions tax relief to fund job creation will be in its 2015 manifesto.

Steve Webb's commitment to introducing a charge cap on auto-enrolment (AE) schemes has "shamefully" collapsed, according to Labour Lord Desmond Browne.

A group of Labour lords has tabled an amendment to the Pensions Bill that would force the government to impose a pension scheme charge cap by 30 April 2015.

Labour MP Rachel Reeves has demanded Prime Minister David Cameron "clarify" the government's position on a charge cap for defined contribution (DC) schemes.

Labour has vowed to push through a pension charge cap and make using an annuity broker mandatory should it win the next general election.

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