House of Lords

Malcolm McLean pays tribute to former pensions minister Steve Webb

The government must shed light on how incoming pension flexibilities interact with benefit rules according to shadow pensions minister Gregg McClymont.

Vulnerable people must be informed about how pension freedoms could cut off their access to means-tested benefits according to Baroness Hollis of Heigham.

A Labour peer has attacked the annuity market, claiming it "plays fast and loose" with the regulatory framework.

The Pension Regulator's (TPR) ‘second line of defence' for retirees will be extended to cover trust-based pension scheme members as well those in contract-based arrangements, peers have heard.

The government has abandoned the requirement for defined benefit (DB) members to take regulated advice before transferring a small pot into a defined contribution (DC) scheme.

Giving savers rights to probe pension funds on specific details of investments would be an "undue burden" on schemes, according to the National Association of Pension Funds (NAPF).

Unison is urging employers to offer greater childcare support to help encourage women back into the workforce and assist the economic recovery.