Pension for life plans: an early yes could limit later cash withdrawals
Pension for life plans could let one agreement cover later limits on access to savings. Our research examines the choices and safeguards in guided retirement.
UK pensions minister
Torsten Bell
UK pensions minister and member of Parliament for Swansea West.
Torsten Bell is the UK's pensions minister and the Labour member of Parliament for Swansea West. He was elected in July 2024 and appointed to ministerial roles in the Department for Work and Pensions and HM Treasury in January 2025. Before entering Parliament, he led the Resolution Foundation, an economic research organization, from 2015 to 2024.
His responsibilities cover private pensions, the State Pension and pensioner benefits. Daylight Post's report on pension for life plans examines how the government's proposed guided retirement system would connect an initial agreement with later choices about income and access to savings.
In our reporting