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Steve Webb suggested pensions provider would be able to charge management fees above the 0.75% cap if they could prove to the pensions regulator it would provide value for money. "What we've set out is a range of options; a higher one at... Continue to article
Prime minister David Cameron meets schoolchildren learning mandarin in London Consumer affairs minister Jo Swinson hosts a summit on delivery surcharges Foreign office minister Mark Simmonds hosts a meeting of the Overseas Territorie... Continue to article
COMMONS CHAMBER 11.30am: Northern Ireland questions 12noon: Prime minister questions 12.30pm: Ten minute rule motion: Winter Fuel Allowance Payments (Off Gas Grid Claimants) Bill (Mike Weir, SNP, Angus) Main Business Oppositio... Continue to article
Steve Webb said most firms could deliver good workplace pensions with lower management charges but don't because of the lack of competition. "[We are] talking about the 10m workers who've started being put into workplace pensions - the b... Continue to article
Steve Webb said a line needed to be drawn on the plebgate scandal. "I think he was a very capable minister... he has apologised for the swearing, he has apologised for what happened and rightly so. But it's a quarter of a million quid we... Continue to article
Labour Party leader Ed Miliband is expected to announce proposals for a tax on payday loan firms. He is also expected to appoint shadow business minister Stella Creasy to lead a campaign against legal loan sharks Business secretary Vince... Continue to article
Transport secretary Patrick McLoughlin attends the unveiling of King's Cross Square Public health minister Anna Soubry launches a local public access defibrillator programme in the East Midlands (11.00) Culture minister Ed Vaizey spea... Continue to article
Steve Webb said the OFT pensions report is "the next step" in the battle for fairer pensions. "What's happened so far is that the biggest firms have been choosing schemes for their employees and on the whole the biggest firms, the bigges... Continue to article
The Liberal Democrat conference has overwhelmingly supported a motion from the leadership retaining the Government’s deficit reduction target. Nick Clegg successfully urged delegates not to accept amendment calling for the party to shif... 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.
28/11/2013 on Today, BBC Radio 4
30/10/2013 on Today, BBC Radio 4
29/10/2013 on TUC
16/10/2013 on Daily Politics, BBC Two
19/09/2013 on The World at One, BBC Radio 4
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3 hours ago on Today, BBC Radio 4
12/12/2013 on Newsnight. BBC Two
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45 minutes ago