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The Government's announcement to extend the contract of the Post Office card until 2021 "raises more questions than it answers", Labour has claimed. During a statement on the Post Office card account in the Commons, Shadow Work and Pensi... Continue to article
Iain Duncan Smith has said government ministers across Europe are in agreement that current EU welfare rules need reforming. The Work and Pensions Secretary said he was in regular dialogue with the European Commission and individual memb... Continue to article
Steve Webb suggested the so-called 'bedroom tax' could have been amended if the DWP's own family impact assessment had been applied to it. "I think that's a good example because one of the consequences of that policy has been that things... Continue to article
COMMONS CHAMBER 9.30am: Transport questions (topicals at 10.05am) 10.15am: Questions to the House of Commons Commission and Leader of the House 10.30am: Business statement Main business Backbench business debates: i. Repeal of... Continue to article
Steve Webb said pension reforms would boost saving by giving people more control over their money in retirement. “We found one of the barriers to pension saving in the past was people actually don’t want to lock their money up particul... Continue to article
Prime Minister David Cameron is expected to hold a video conference with other world leaders to discuss the response to ebola. A Cobra committee meeting is also expected to take place Home Secretary Theresa May speaks at the College of P... Continue to article
Vince Cable refused to rule out raising VAT after the election. "We’re not ruling anything out: any new government is going to have to face some very tough decisions on spending and tax and I’ve indicated some of the areas where we might... Continue to article
Conference, 2014 has been a year when many have tried to divide us. Politicians desperate to tear us from Europe Nationalists wanting to rip up a 300 year old union The rise of ‘us versus them’ Now more than ever we need positiv... Continue to article
Workers must brace themselves for a state pension age of 67 or older becoming the norm, a leading thinktank has warned. In a report published yesterday, the Organisation for Economic Co-operation and Development said that "67 – or higher – is becoming the new 65", while the Association of British Insurers warned of a "chronic savings gap". Lib Dem Pensions Minister Steve Webb responded: ‘It is vital that our pension system remains sustainable for the 21st century."
16/12/2011 in Welfare
The Government wants to removes complexities from the pensions system in order to abolish short service refunds for defined contribution occupational schemes, which leave people without the full value of their pension. Outlining the moves Steve Webb, the Pensions Minister, said he wanted to make it as easy as possible for employees to "grow big fat pension pots".
Junior minister Steve Webb has has said that Iain Duncan Smith's plans for reforms to Brtiain's benefit system may not happen for four years. Lib Dem MP Mr Webb told activists at their party conference what he called long-term reforms of the system must not be dropped in the rush to save money.
Private sectors workers could lose inflation protection on their pensions, The Financial Times reports. The Government is said to be looking into implementing reforms considered "too unpalatable" a decade ago. Pensions Minister Steve Webb said that the changes could help reduce employers' costs and prevent the closure of defined benefit plans.
Millions of people will find it easier to combine small pension pots from previous employments under a proposal being considered by insurers, the Financial Times reports. The Association of British Insurers is working with the Department of Work and Pensions to lighten the current regulatory requirements. The Pensions Minister, Steve Webb, has said that he wants to make it easier for people to bring together small pension funds to create "big fat pots". The news comes as a report published today shows that those with private pension may be up to 30% worse off compared with those who finished work before 2008.
The Government is set to offer concessions to the 2.6m women adversely affected by controversial pension changes which mean they have to wait two years extra before claiming their pensions. The Government are reportedly thrashing out plans which are set to reduce the time they will have to wait to between 15 and 18 months. Pensions minister Steve Webb yesterday told the Lib Dem conference that the "crucial thing for us is fairness" on women's pensions.
31/10/2014 on Daily Politics, BBC Two
14/10/2014 on BBC News
06/10/2014 on Channel 4 News
11/08/2014 on Good Morning Britain, ITV
Summaries and transcripts from TV and radio
22/12/2014 on Sky News
22/12/2014 on BBC News
22/12/2014 on World at One, BBC Radio 4