Steve Webb
Kwasi Kwarteng faces ‘tricky balancing act’ as UK chancellor
Cabinet reshuffle also sees Chloe Smith become secretary of state for the DWP
2.5 million UK adults to be dragged into higher rate tax band
But ‘now have a much bigger incentive to put more money into their pensions’
What does inflation uncertainty mean for pensions triple lock?
It is predicted to hit more than 8% – the same level of earnings growth that triggered the double lock last year
Tax cuts fail to save lacklustre Spring Statement
Sunak pledges to go ‘further’ on reliefs and allowances
Phoenix calls for pension revamp to give savers high-risk option
But industry veteran warns ‘watering’ down charge cap could send ‘wrong message’ to young Brits