All Steve Webb articles – Page 12
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Opinion
Why a lack of detail is holding up the defined ambition debate
Today, the Queen set out the government's legislative plan. Pensions were expected to take centre stage, with proposals for collective defined contribution schemes expected to be announced.
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News
Transfer industry: pot-follows-member transfers can cost just £1
Pension transfer systems have countered concerns raised by industry figures that implementing pot-follows-member could result in high costs, which may be passed onto members.
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Opinion
Webb makes bid to secure legacy with CDC
This week’s Queen’s Speech will bring about further reforms to the pensions’ landscape focusing on collective defined contribution proposals, according to reports.
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OpinionThe cases for and against Labour's plan to extend auto-enrolment
Editor's blog: Labour's former shadow pensions minister Rachel Reeves, now shadow work and pensions secretary, has made the opposition's most substantial pledge yet on workplace pensions – to reduce the lower eligibility threshold from £10,000 to £5,772.
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News
Webb seeks to alleviate scheme guidance concerns
Pensions minister Steve Webb has tried to assuage the concerns of defined contribution schemes by implying the guaranteed retirement guidance could be delivered in less intensive ways than face-to-face meetings.
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News
Webb reveals further detail on guidance guarantee
Pensions minister Steve Webb released this week further details about the upcoming guidance guarantee, with concerns mounting on the timetable for its implementation and the subsequent burden on pension schemes.
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News
Low-cost passive DC loses ground as schemes seek 'smoothed' returns
The number of FTSE 100 trust-based defined contribution schemes using lower-cost, fully passive management for their default options has dropped by almost a half as diversified growth funds become more popular, research has found.
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News
Charge cap consultation ramps up governance, weakens employers
News analysis: Defined contribution scheme representatives will see governance responsibilities increase after the pensions minister announces further reforms to ensure members get value – with a backdrop of industry debate on the charges cap.
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News
How to build the pension income builder
News analysis: Industry experts have been exploring how the government’s preferred risk-sharing scheme design could work in practice, whether through a not-for-profit, mutual or insurance provider set-up.
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OpinionHow to ensure your members get the best value at retirement
The annuities industry has come under increasing fire from all corners of the industry – but there are concrete steps that pension professionals can take to help members get value at retirement.
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News
Schemes told to offer annuity brokerage
News analysis: The shadow pensions minister has urged schemes to take a role in providing annuity brokering advice to ensure greater member purchasing power, but industry figures have raised concerns over how this could be implemented.
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Opinion
Editorial: Putting a lid on it
The debate about the proposed charging cap came to a head last week as the government’s consultation on the changes closed.
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News
How defined ambition could affect your scheme
Government has outlined proposed legislative modifications to the pensions system including changes to decumulation rules and daily pricing requirements, which could impact current defined contribution and defined benefit schemes.
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Opinion
Editorial: On the threshing floor
Steve Webb has drawn a line in the sand. Or rather, three lines in the sand.
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Opinion
Why I'm optimistic on the future of defined ambition
The most recent National Association of Pension Funds survey showed that a shocking 87 per cent of defined benefit pension schemes are now closed to new entrants.
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News
Transfer industry outlines pot-follows-member approach
Transfer companies have set out how pot-follows-member pensions consolidation could work after the government said it was looking at industry initiatives to find a cost and time-efficient implementation.
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News
United Utilities: charge cap could shield members
United Utilities' pension manager has voiced support for a cap on fees as it would protect default fund members from the decisions of their smaller and potentially less well-informed employers.
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Opinion
How SMEs can deal with a capacity squeeze
Turning up late to the party may be fashionable but it could also mean missing out on the champagne and having to make do with a warm chardonnay.
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Opinion
Steps to take to equalise your guaranteed minimum pensions
The vexed question of how to equalise your guaranteed minimum pensions remains unanswered, but hopefully not for much longer. Pensions minister Steve Webb has indicated that guidance will be published in spring 2014.