Steve Webb

Pensions industry says the costs are at risk of being passed on to pension savers

Reform will need to raise ‘worthwhile’ sums of money ‘sooner rather than later’

Despite being ‘potentially lucrative’

Pensions Bill, decumulation solutions, superfunds and National Wealth Fund Bill welcomed by industry

HMRC figures show 660,000 more pension-age income taxpayers over last year, a 10% rise

Reports cite ‘personal reasons’ as the reason for minister’s decision to step down

Industry welcomes findings of report which called for improvements to DB surplus management

Ombudsman calls on parliament to launch compensation scheme

Chancellor’s proposals could make schemes more risk averse

Move to make surplus extraction and design consolidator rules embraced by industry