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Category Archives: steve webb
Thoughts on the triple lock
There’s no doubt that the unwinding of the furlough presents the Treasury with a technical problem with the triple lock. You can read the details here But that does not mean that the pensions industry can consider the state pension … Continue reading
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Posted in auto-enrolment, pensions, self-employed, steve webb
Tagged ft, jo cumbo, pensions, state pension, SteveWebb, Triple-Lock
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DWP furloughs Gran’s pension data
I’m pleased to hear that Steve Webb’s campaign to encourage us to get our (or our mother’s fair share of the state pension has already been a success. LCP report that over 20,000 people have already used its calculator and … Continue reading
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Posted in pensions, steve webb
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Is your Mum getting her proper state pension? – Steve Webb’s making sure!
Apologies to readers whose Mums are no longer around and to younger readers whose Mums are still to retire. but the majority of people who read this blog are millennials and boomers whose Mums are drawing the state pension along … Continue reading
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Posted in actuaries, advice gap, age wage, pensions, steve webb
Tagged DWP, Grannies, LCP, state pension, Steve Webb
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Steve Webb, LCP and Royal London
We are delighted to announce that former Pensions Minister Steve Webb will be joining LCP as a partner. He will be working on our client service offering & spearheading LCP campaigns to help the pensions industry stay apace with member … Continue reading
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Posted in pensions, steve webb
Tagged Bob Scott, LCP, pensions, Royal London, Seve Webb
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Pension tax transparency a long way off
The malaise with pension taxation goes much deeper than the immediate symptoms, the complexity of the Annual and Lifetime allowances, the obscurity of the money purchase annual allowance and the perversity of the running both net pay and … Continue reading
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Posted in pensions, steve webb, Treasury
Tagged Freedoms, HMRC, HMT, Pension Freedoms, pensions, Tax, tax relief
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Whatever happened to “pot follows member”?
The Liberal pension spokesperson – the very shadowy Stephen Lloyd, has labelled the Conservative Government “incompetent” for shelving Steve Webb’s pot follows member initiative (which should have arrived in 2016). Guy Opperman, with the weight of the Government’s massive research … Continue reading
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Posted in pensions, steve webb
Tagged dc, Guy Opperman, pensions, Pot follows member, stephen lloyd, Steve Webb
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The circular firing squad
As civil servants in the DWP enter their building in Westminster this morning , they’ll be walking into an atmosphere that makes the Thick of It look like Play School. A new Secretary of State, Stephen Crabb is in place. … Continue reading
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Posted in pensions, Pensions Regulator, Politics, Ros Altmann, steve webb
Tagged Brexit, Business, DWP, George Osborne, Iain Duncan Smith, Justin Tomlinson, Leave, pensions, Politics, Priti Patel, Retirement, Shailesh Vara, Steve Webb
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Why can’t we know what we pay for “fund management”?
We have the right to know what we are paying for funds. The cost of a fund can best be defined as the difference between what you would have received from a theoretical return on the assets in the fund … Continue reading
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Posted in FSA, governance, life insurance, pension playpen, pensions, Retirement, steve webb
Tagged Business, charges, costs, dc pensions, Defined benefit pension plan, DWP, FCA, Fund, Funds, IMA, Management, manager, pension playpen, pensions, portfolio, Retirement
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A miserable device; – guest blog from Ralph Frank
Members who cease paying into defined contribution pension arrangements often pay higher management charges than their colleagues who continue to add to their savings. This two-tier charging approach is euphemistically referred to as the ‘Active Member Discount’ (“AMD”). I guess … Continue reading
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Steve Webb – a new model politician?
Let me declare an interest, I am a Liberal, born into a Liberal family in a part of the world where Liberalism is the natural opposition to conservatism. Steve Webb is from that part of the world, his … Continue reading
