Displaying items by tag: Steve Webb

Friday, 22 June 2018 12:36

Govt is right on default decumulation, says Steve Webb

Royal London’s Steve Webb says the Government was right to resist calls for default decumulation retirement pathways.

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Tuesday, 08 May 2018 12:52

Some drawdown retirees taking out over 10% a year

New analysis of 17,000 drawdown customers by a provider has revealed wide variations in the amount taken from pension pots but few signs of pensioners taking out all their cash in one go to buy a Lamborghini.

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Friday, 04 May 2018 11:10

Time to sort out pension withdrawal tax mess says Steve Webb

Royal London director of policy Steve Webb has called for an end to what he called the “absurd” way pension withdrawals are taxed.

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Wednesday, 18 April 2018 15:10

HMRC takes down inaccurate pension tax website

HMRC has taken down a web page, which allows users to check how much money they can put into a pension, after “blunders” were spotted by tax experts at Royal London.

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Wednesday, 31 January 2018 18:22

HMRC income withdrawal taxation 'out of control'

Royal London’s director of policy Steve Webb, a former pension minister, believes that HMRC is “out of control” when it comes to over-taxing savers using pensions income withdrawal or buying a second home.

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Monday, 02 February 2015 12:18

Lost pensions service to bolster staff numbers fourfold ahead of reforms

A government service that helps people find lost pension cash is increasing its staff numbers fourfold in anticipation of rising demand as the Budget reforms kick in.

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Friday, 09 January 2015 12:54

Auto-enrolment inquiry: Pensions Minister to be quizzed

The Pensions Minister is set to be grilled by MPs in Parliament on Monday as part of an ongoing inquiry into the progress made with automatic enrolment.

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Wednesday, 07 January 2015 11:38

Sipp provider: Annuity re-sales carry fraudster dangers

Plans to allow the resale of existing annuity contracts increase the danger of people getting misled by fraudsters, a Sipp provider has warned.

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Wednesday, 26 November 2014 12:10

MP: Guinea pig retirees could be exposed to mis-selling scandal

The fears were expressed in Parliament yesterday afternoon

Retirees will become "guinea pigs" threatened by the "real possibility of another mis-selling scandal" when the pension reforms come in next April, an MP has claimed.

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Thursday, 26 June 2014 11:15