Webb: Tomorrow’s pensioners face a very different world

Steve Webb, pensions minister, discussed the government’s pension reforms on the Today programme:

“Tomorrow’s pensioners do face a very different world.

“They will, on average, be working for a lot longer, they will be retired for longer, they won’t on the whole have final salary guaranteed pensions in the way that perhaps their parents did.

“We therefore need a simpler, clearer foundation because more of them will now be asked to save for their retirement.”