Steve Webb

Ex-minister favours advice vouchers over Pension Wise

Former pensions minister Steve Webb has joined Royal London as director of policy and external communications.

Former pensions minister Steve Webb is on the verge of joining Royal London, a company which last year criticised his charge cap policy as "headline-grabbing", according to reports.

Further changes to pensions tax relief could lead the industry "into a very dark place", according to ex-pensions minister Steve Webb.

The creation of a second-hand annuity market is guaranteed to happen, according to former pensions minister Steve Webb, who suggested the Treasury has already ‘banked' the cash it expects to receive from the policy.

Keeping bosses enrolled in the same pension scheme as all other employees could boost overall workplace saving engagement, according to ex-pensions minister Steve Webb.

Steve Webb has warned that the Conservative government may target the £15bn salary sacrifice bill in its July emergency Budget.

Former pensions minister Steve Webb will make a keynote speech at the upcoming Retirement Planner Forum and Awards on 17 June.

New pensions minister Ros Altmann has said she is hopeful existing annuitants will get the opportunity to sell their right to an income for a lump sum.

Malcolm McLean pays tribute to former pensions minister Steve Webb