Displaying items by tag: Steve Webb
Urgent need for better at-retirement support
There's an urgent need for better at-retirement support, according to former pensions minister Steve Webb, who has called on the FCA to speed up its advice/guidance review.
State Pension rise to push 340,000 into income tax net
An estimated 340,000 more pensioners will pay income tax on their State Pension next year due to the Triple Lock pushing up the State Pension above inflation.
Pensions Review will lead to 'significant' changes
The government has revealed details of the Pensions Review promised in the Labour manifesto which is likely to see “significant legislative changes across the pensions landscape in the next 12 months”, according to former pensions minister Steve Webb.
More advice needed as 58% of pension pots cashed out
More than half of all pension pots are still being cashed out in full, as fewer people seeking professional guidance, new figures from the FCA have revealed.
State pension set to rise 8.5%
The latest official wage growth figures published today by the ONS means the state pension should hit £11,501 in April 2024, a 8.5% rise, up from £10,600 this year.
Govt to end NI record gaps concession
A Government scheme allowing people to fill gaps in their National Insurance records will come to an end on 5 April.
2.5m set to face higher rate tax
Pensions expert Steve Webb has warned that an extra two and half million taxpayers could face being dragged into the higher rate tax over the course of the current Parliament.
DWP reveals 6 additional State Pension payment errors
The Department for Work and Pensions (DWP) has shared six previously unrevealed errors in State Pension payments it has had to act to correct since 2007.
Pension Playpen to relaunch as fintech
Pension campaign and networking group The Pension Playpen - founded by pension expert Henry Tapper - is to relaunch in February as a fintech company aimed at the pensions industry.
Tax change needed to rebuild pensions - Webb
Former Pensions Minister Steve Webb has urged the Treasury to scrap or relax rules which will limit people’s ability to ‘rebuild’ their pensions when the Coronavirus crisis ends.