In many ways, this has been a radical government when it comes to pensions policy: introducing automatic enrolment from 2012; raising the retirement age in line with increased longevity; and simplifying the state pension so everyone is clear on what they can expect, and when.
That's quite a feat, and yet this great achievement has largely been delivered by consensus, given that the basis of the pensions settlement and the need for it are largely uncontroversial. Of course, there is a long way to go, especially on the single tier state pension, which is only just starting its parliamentary journey. However, Steve Webb and the DWP officials should certainly feel pleased with the progress they have made so far. As the voice of business, the CBI has been an active player in all of these pensions debates. Of course, we have not always been in the same camp as t...
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