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
Former pensions minister Steve Webb has thanked his supporters for their backing after the Liberal Democrat MP for Thornbury & Yate lost his seat at the general election.
After a disastrous night for Labour and the Liberal Democrats, we are several steps closer to knowing the identity of the next pensions minister.
PP gauges industry opinion on Webb's five years as pensions minister
Liberal Democrat MP Steve Webb, who has served as pensions minister for the last five years, has lost his parliamentary seat.