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

MoneyHelper pension dashboard expected to launch in 2027/28

MoneyHelper pension dashboard expected to launch in 2027/28

Maps CEO says ‘significant’ progress has been made since schemes began connecting to ecosystem

Martin Richmond
clock 21 May 2026 • 2 min read
Up to 15 million not saving enough for retirement, Pensions Commission warns

Up to 15 million not saving enough for retirement, Pensions Commission warns

Report looks at the state of retirement saving in the UK

Holly Roach
clock 19 May 2026 • 3 min read
Standard Life extends Sharia proposition with lifestyle strategy launch

Standard Life extends Sharia proposition with lifestyle strategy launch

Move comes in partnership with HSBC Asset Management and Franklin Templeton

Jonathan Stapleton
clock 19 May 2026 • 3 min read