Pension minister Steve Webb's vision for pension reform seemed a hollow narrative until last week.
“Hamlet without the prince,” Labour peer Baroness Hollis had lamented. But what a difference a Budget makes. Last week Webb introduced his star character onto the public stage with the publication of his long-anticipated Green Paper on state pension reform. The paper – A state pension for the 21st century – had been mooted since last October. Its 55 pages could become a 21st century testament to the chutzpah of a coalition in the first flush of power – or a mere footnote in pensions’ tortured history of reforms. With pensions currently in flux due to a barrage of policy changes, the n...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes