Timeline: Steve Webb's five years as pensions minister

We look back at Steve Webb's achievements since 2010


Steve Webb has lost his seat during a terrible night for the Liberal Democrats. Here, we look back on his achievements as pensions minister, including the most radical shake-up of the retirement market for decades.

April 2015 The retirement income flexibilities announced in the 2014 Budget come into force alongside the DC default charge cap. March 2015 George Osborne uses the Budget to further relax pension rules to allow the sale of annuity contracts. Osborne used his speech to announce measures which will allow up to five million pensioners to sell their annuity contracts in exchange for cash lump sums. Webb says the next government cannot afford to wait until 2017 to review minimum auto-enrolment contributions.  February 2015 Department for Work and Pensions (DWP) published...

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