Steve Webb

Retirement Planner's round up of the week's key pension stories

Pensions minister Steve Webb has promised that the goverment will create a transitional arrangement for women hit hardest by the rise in the state pension age (SPA).

The Pensions Regulator (TPR) said it will monitor "suspiciously high" opt-out rates under auto-enrolment after MPs suggested some employers may force workers to leave the scheme.

The Labour opposition should have come up with a solution to help women disproportionately hit by the rise in the state pension age (SPA) to 66 by 2020, pensions minister Steve Webb said.

The government has so far resisted offering amendments to the Pensions Bill which would ease the lot of half a million women who will have to wait up to an extra two years for their state pension under current plans.

Pensions minister Steve Webb faced heckling and difficult questions at a National Pensioners Convention (NPC) event yesterday.

The government has reiterated it will not introduce legislation to override pension scheme indexation rules.

The Department for Work and Pensions (DWP) may extend the rules of the Financial Assistance Scheme (FAS) to insure pension schemes exempt from the Pension Protection Fund (PPF).

The Prime Minister has become embroiled in the row over raising the state pension age (SPA) for women.

The Treasury will not allow the Department for Work and Pensions (DWP) to alter the proposals for raising the state pension age (SPA), a pensions lawyer said.