Webb promises pension stability after major reforms

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Pensions minister Steve Webb has pledged to give the raft of legislation working its way through parliament time to bed in, and not introduce any more major reforms.

Webb told PP that, after a hectic three years in office, he wanted to focus on state pension reform, auto-enrolment, small pots and defined ambition. He said: "Clearly you don't want permanent revolution, you want to establish a framework that is simple and clear and works." Webb said ensuring auto-enrolment was successful would occupy whoever was in government well into the next parliament. "But if we can get the state pension reforms in place, contracting out dealt with, new risk-sharing structures in place through defined ambition, and quality in workplace pensions, then we will...

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