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Displaying items by tag: Steve Webb

Friday, 27 September 2024 10:26

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.

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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.

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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.

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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.

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Tuesday, 12 September 2023 10:37

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.

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Monday, 09 January 2023 12:36

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.

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Wednesday, 18 May 2022 16:59

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.

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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.

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Friday, 15 January 2021 09:27

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.

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Tuesday, 24 March 2020 17:37

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.

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