Pensions Minister Guy Opperman has admitted ‘significant’ problems with incorrect state pension forecasts in a letter to Royal London policy director and former Pensions Minister Steve Webb. 

A new FOI reply to Steve Webb, director of policy at Royal London, suggests that far more low-paid and part-time workers are missing out on tax relief on their pension contributions than previously thought. 

The improvements in public finances make it less likely the Chancellor will be forced to raid pensions in the autumn, believes former Pensions Minister and Royal London director of policy Steve Webb.

A decision by the FCA to raise the limit on Financial Ombudsman Service compensation claim awards to £350,000 has been branded “shocking” and “counterproductive”.