Steve Webb

Pensions minister Steve Webb will meet with industry representatives and the Pensions Regulator (TPR) today to urge a crackdown on pension transfer incentives.

Pensions minister Steve Webb said the proposals to change the state pension age will be reconsidered.

Pressure is building on the coalition government to slow the rate of acceleration of the state pension age (SPA) for women.

Pensions minister Steve Webb has defended the green paper on simplifying the state pension, saying the proposals would provide better outcomes for women.

Pensions minister outlines his plans

Ministers are to outline plans for a universal state pension which they say will help people currently working prepare for a "different sort of world" in retirement.

State pension forecasts sent out to people approaching retirement are so complicated even financial advisers do not understand them, pensions minister Steve Webb says.

Employee benefit consultancy Xafinity has slammed the DWP's review of regulation around trust-based pension schemes.

The government has called for evidence to review the regulatory differences between trust-based and contract-based defined contribution (DC) pension schemes.

The government has claimed people on an average income reaching the state retirement age this year will gain £10,000 through their state pensions as a result of recent changes.