Steve Webb

Pensions minister Steve Webb is considering changing the law to combat the growing problem of pension liberation.

Legal and General (L&G) will cap its charges on the default fund within workplace pension schemes at 50 basis points (bps) from 9 September.

More workers in their 50s are choosing opt-out of automatic enrolment (AE) into workplace pension schemes than any other age group, according to official statistics.

Financial advisers should utilise their relationships with solicitors and accountants to drum up auto-enrolment (AE) business, the Association of Professional Financial Advisers (APFA) has said.

A million workers have now been automatically enrolled into a workplace pension scheme, the government has said.

The government's defined ambition (DA) project faces "formidable obstacles", according to the Association of British Insurers (ABI).

The draft Pensions Bill does not do enough to protect consumers from obtuse and excessive charges, a Conservative MP claims.

The government's response to the National Employment Savings Trust (NEST) restrictions is likely to be addressed in the passage of the Pensions Bill.

Pensions minister Steve Webb is drawing up plans to pool the pension schemes of "big, household-name" companies in a bid to lower charges and boost returns.

Pensions minister Steve Webb explains the significant role large scale collective defined contribution (CDC) could play in the UK.