Simon Read: Lamborghinis? Pensions minister Steve Webb's gaffe shouldn't detract from transference of power

Steve Webb, the coalition's pension minister, is well-known for speaking first and then explaining what he really meant afterwards. At times he says things with an obvious twinkle in his eye simply for their shock effect.

Simon Read: A Reliant Robin is the best most of us can hope for when we retire

Pensions minister Steve Webb quipped that pension pots can now be used to buy Lamborghinis. Do you know how much one of the luxury cars actually costs? Around £165,000. And have you any idea how big the average pension pot is? Less than £30,000.

New pension freedom may lead to care fees problem

An end to annuities could see older people fall foul of a little-known rule that could hit their right to funding if they need to go into a care home.

Councils could face huge extra bills to pay for social care if George Osborne’s sweeping pension reforms encourage newly retired people to spend most of the money they have

Experts warn of hidden downsides to George Osborne's pension reforms

Councils could face huge extra bills to pay for social care if George Osborne’s sweeping pension reforms encourage newly retired people to spend most of the money they have set aside for old age, the Government was warned last night.

Budget 2014: Pensions shake-up sees shares dive for life insurers

Billions of pounds were wiped off the value of Britain's life insurers after the Chancellor unveiled "game-changing" reforms to the UK pensions market.

It’s time to give the vulnerable some real help

The Chancellor will deliver a popular Budget when he stands up in the House of Commons at 12.30 today. He will announce tax cuts for all and extra help for vulnerable folk.

Green MP Caroline Lucas fights for women in pension misjustice

Green MP Caroline Lucas has called on the Government to change rules that will leave up to 700,000 women worse off when they claim pensions.

Government blasted for new rules that will leave up to 700,000 women pensioners worse off

The Green MP for Brighton Pavilion, Caroline Lucas, called on the Government yesterday to change rules that will leave up to 700,000 women worse off when they claim their pension.

Baby boomers shun annuities as sales plunge

Sales of annuities – which convert a pension pot into an income for life – have plunged according to new research.

The Watchdog's report suggested that four out of five consumers could get a higher income by shopping around

Watchdog slammed for lack of action over annuities

Anyone looking to secure a retirement income is likely to miss out on the best option, reports Simon Read

Simon Read: Pension companies are failing retiring people

Anyone taking out an annuity right now is likely to end up in a worse position than they should. That's because they may not know that they could get a better deal. That, in a nutshell, is why the annuity market is broken. If four out of five people doesn't get the best deal, as a study by the Financial Conduct Authority discovered this week, then there's clearly something terribly wrong.

The FCA's chief executive officer Martin Wheatley said there was no market for people with smaller pensions

FCA report claims savers missing out on thousands of pounds due to 'broken' market for pensions policies

Many people saving for a pension are missing out on thousands of pounds in retirement because of the “broken” market for policies, according to a regulator’s report.

The annuities market is not working for consumers, the Financial Conduct Authority has concluded

Annuities market is not working, says FCA

Study launched to try to find out why consumers don't shop around – leaving potential retirement income down by 10%

Bigger pot: The pension reform may help women who had to stop working to raise a family

Why it's not always best to top up your state pension

Don't rush to join the Government's new scheme to get £25 a week more, says Chiara Cavaglieri

Warning over climbdown on pension fees

Savers will be offered pensions “with expensive, and confusing fees”, following a dramatic climbdown by the pensions minister, Steve Webb, over charges.

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