Steve Webb

Steve Webb’s vision for pension reform

Pensions minister Steve Webb has put annuity reform at the top of his wish list should he remain in post after the election.

The Department for Work and Pensions (DWP) has opened a consultation on abolishing the restrictions on the National Employment Savings Trust (NEST).

In this week's Retirement Planner news round-up we highlight five key stories you might have missed over the past seven days.

Pensions minister Steve Webb has warned he will keep a sharp eye on the pensions industry following the announcement of the Budget freedoms in March.

Pensions minister Steve Webb has confirmed that restrictions on the National Employment Savings Trust (NEST) will be abolished in April 2017.

Royal London has reported a 45% slump in pre-tax profit in H1, pointing to regulatory charges as a key contributor, while its wrap platform Ascentric saw new business slide 20%.

More than four million employees have now been automatically enrolled in a workplace pension, according to The Pensions Regulator (TPR).

Just under 12m people in the UK are still not saving enough money to fund an adequate retirement income, according to research from the Department for Work and Pensions (DWP).

Eighteen websites have been suspended and arrests made during a campaign, being revamped on Thursday, against pensions liberation schemes.