Rachel Reeves

Labour plans to enrol lower earners are unlikely to leave members or the industry better off, Helen Morrissey says

Labour is set to announce plans that would see an extra 1.5 million workers automatically enrolled into a pension scheme.

Labour MP Rachel Reeves has demanded Prime Minister David Cameron "clarify" the government's position on a charge cap for defined contribution (DC) schemes.

Labour has vowed to push through a pension charge cap and make using an annuity broker mandatory should it win the next general election.

The Government has issued a call for evidence after the Public Service Pensions Bill passed its second reading in parliament this week.

Labour front benchers have urged the government to work with the opposition, business and trade unions to protect British interests from planned European regulation of the pensions and insurance industries.

Labour's Rachel Reeves has attacked the government for forcing the Bank of England's to pursue its deficit-wrecking QE policy to "compensate" for its poor fiscal support.

Michael Bow sits down with Labour's pensions spokesman

Labour has pledged to maintain political consensus around pension reform and new pensions spokesman Gregg McClymont aims to remain in post as long as possible.

The government must confirm whether auto-enrolment is to be put on hold or shelved or risk further undermining occupational pensions, industry figures argue.