Steve Webb

Pensions minister Steve Webb says the upcoming consultation on defined ambition will not set out prescriptive single-model options for enhanced defined benefit (DB) and defined contribution (DC) provision.

Pension savers in defined contribution (DC) schemes could see their pots increase by a third if the government moved to introduce collective DC schemes, according to a report.

The government's move to cap pension charges ignores annuity contract 'cowboys' who are ripping off retirees, the Telegraph claims.

Up to 90,000 employers would be forced to review their defined contribution (DC) schemes if a charge cap was introduced, according to a government paper.

Up to 90,000 employers would be forced to review their defined contribution (DC) schemes if a charge cap was introduced, according to a government impact assessment.

Since the coalition came to power in 2010, Steve Webb has been charged with the task of implementing auto-enrolment. Helen Morrissey spoke to the pensions minister about the first year of AE and challenges that lie ahead

Ministers have outlined the options being put forward to implement a ban on pension scheme charges above 1%.

Pensions minister Steve Webb plans to cap charges on auto-enrolment pension schemes at 0.75%.

The government will "move quickly" to place a cap on pension charges and a consultation is due imminently, pensions minister Steve Webb has said.

Pensions minister Steve Webb faced questions in Parliament yesterday over the Department for Work and Pension's (DWP) stance on scheme charges.