Steve Webb: One political career that didn't end in failure

Malcolm McLean pays tribute to former pensions minister Steve Webb

clock

Malcolm McLean pays tribute to former pensions minister Steve Webb...

In what his party leader described as a night of pain and anguish for the Liberal Democrats, Steve Webb lost his constituency seat in Thornbury and Yate to the Conservative representative last week. He had been an MP since 1997 and, over the last five years as pension minister in the coalition government, had been instrumental in overseeing some of the biggest changes to the UK retirement market for decades. It is often said that all political careers end in failure but, in Steve's case, if in fact his political career is now at an end, that surely cannot be true. Both as an MP in opp...

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

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Scottish Widows launches pension tracing tool

Scottish Widows launches pension tracing tool

Some 3.3 million pension pots are 'lost' in the UK

Holly Roach
clock 24 June 2026 • 1 min read
FCA SIPP market consultation to set clear standards of due diligence

FCA SIPP market consultation to set clear standards of due diligence

Consultation closes on 24 August

Jenna Brown
clock 22 June 2026 • 4 min read
What Andy Burnham as prime minister could mean for pensions

What Andy Burnham as prime minister could mean for pensions

Triple lock and more

Holly Roach
clock 22 June 2026 • 2 min read