Ex-pensions minister Webb given knighthood

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Ex-pensions minister Webb given knighthood

Former pensions minister Steve Webb has been given a knighthood in 2017's New Year's Honours List.

Mr Webb was the pensions minister in charge when pension freedoms were introduced in the coalition government between the Liberal Democrats and the Conservatives from 2010 to 2015.

He also saw a raft of other changes go through with regard to pensions, including the introduction of both auto-enrolment and the state pension triple lock.

Mr Webb has been given his knighthood for political and public service.

Elsewhere, Charles Counsell, executive director of auto-enrolment at The Pensions Regulator, has been awarded an Order of the British Empire (OBE)  for his services to workplace pension reform.

According to the The Pensions Regulator, more than 340,000 employers have successfully enrolled seven million people into a workplace pension.

Mr Counsell said: “Automatic enrolment has reversed a worrying trend of under-saving for retirement amongst workers, and I am proud that we have played a role in educating employers that putting staff into a pension is now the social norm.

“In 2017 will see the largest number of employers so far – more than a million - meet their pension duties and we will act where necessary to ensure compliance remains high.

“We also look forward to taking part in the government’s review of automatic enrolment which will examine how the policy might be expanded to ensure even more people save for their retirement.”

ruth.gillbe@ft.com