Steve Webb

Pensions minister Steve Webb has announced a DWP experiment in which 2,000 pensioners who have not claimed but are entitled to pension credit will be paid the benefit for 12 weeks.

Tata Consultancy Services will administer the NEST national savings scheme until at least 2020, it was confirmed today.

The Pensions Regulator's (TPR) new guidance for members shopping around for retirement products is ‘still not enough', according to Tom McPhail, head of pensions research at Hargreaves Lansdown.

Upping the earnings threshold for auto-enrolment into occupational pension schemes will hit women and part-time, agency and temporary staff, shadow pensions minister Rachel Reeves says.

The annual contribution cap and pension transfer ban should be retained in NEST's initial period but it is essential they are both reviewed in 2017, David Yeandle says.

The Pensions Regulator has been given a budget to regulate NEST and auto-enrolment schemes, pensions minister Steve Webb confirmed today.

Failure to reduce the upper age limit on auto-enrolment into workplace pensions from state pension age (SPA) may mean workers near retirement will lose their savings to means testing, Aegon says.

The exclusion of micro-employers from auto-enrolment was ruled out due to the number of employees that would be excluded and "substantial" practical issues.

Pensions minister Steve Webb offered reassurance auto-enrolment and NEST would not lead businesses to ‘dumb down' their pension schemes.

The auto-enrolment review has proposed radically simplifying the certification process for existing workplace schemes.