Steve Webb

The government has announced it will press ahead with "tough" measures to protect pension savers as figures reveal almost £5m was lost to scammers between January and May this year.

Last week's agreement on a regulated apportionment arrangement (RAA) to split Tata Steel UK (TSUK) from its defined benefit (SB) pension fund fails to answer fundamental questions.

Some 96% of retired households had disposable incomes of over £10,000 by the end of the 2016 financial year (FYE), a significant rise from just 21% in 1977, according to the Office for National Statistics (ONS).

The reduction in the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000 per year will apply retrospectively from April 2017, after the Treasury confirmed plans to reintroduce tax relief cuts from that date.

Steve Webb says policymakers should be careful not to legislate through the rear-view mirror

The government should scrap the state pension 'triple lock' and replace it with an earnings link, according to John Cridland's long-anticipated review.

Defined benefit (DB) schemes should provide more comprehensive information when calculating cash equivalent transfer values (CETVs) to reduce delays, according to Rathmore Financial and Royal London.

A union proposal for Royal Mail to create a risk sharing scheme has brought back the idea of defined ambition. Stephanie Baxter looks at how it would work and if it could set a blueprint for others

After extra £3bn cost to Treasury

Jane Marshall says it is important to learn from the past if we are to build a strong pension model for the future.