I've just come across this letter from Smithers, covering DB pensions in general and the USS in particular. https://smithers.co.uk/extending-the-liabilities-time-horizon-is-key-to-pensions-reform/
Great. A chance to nit-pick something from Steve Webb. The Married Woman’s Option finished in 1977, not 1978. SERPS was…
I was told by the Pensions Service, that if I divorced my husband before I retired, I would get a…
Success in applying the rules set out in law is not reliant on loopholes (I prefer educated projections of future…
Tag Archives: SERPS
Another senior pension thinker breaks loose to tell it like it was
We have fine voices among our fine mature thinkers; among them Derek Scott. Here are comments he has made on this blog; prompted by Andrew Young who he grew with over 60 years ago. The comments are about state and … Continue reading
Should lower-earners get more pension from the state when working?
The Pensions UK report is relevant to everyone. It will feed into the Pension Commission and so should thinking of people like David Warwick and Andrew Young, who feature in this blog. And so is this comment from Andy Young, … Continue reading
Damian, most of us need help to get a decent wage in retirement!
Last Sunday lunchtime I sat in front of a group of 100 delegates at a fringe meeting of a union conference. We talked about them wanting their pensions back, of how they and their children could get paid a wage … Continue reading
How do old people manage pension self assessment without actuaries and lawyers?
I started this morning with a a simple tale of a senior lawyer finding his father’s pensions laid out before him It being self assessment time, it was good to see how simple pension affairs could be for those of … Continue reading
“Married woman’s pension” and the upgrade to the state pension since 2016.
My Mum’s one of these women, perhaps your mother is, watch the video. It is not just Steve Webb at his best (he is consistently at his best) but it tells you why your Mum/Grandma is or was on a … Continue reading
“Why are there now 2 levels of state pension, old and new? How is that fair?”
I heard it first last night from the great Paul Lewis There will be yet another major(ish) Treasury pre-Budget announcement – this one about state pension – at 1030 tonight (Sunday) I will tweet it with analysis at that time. … Continue reading
How can people get advice about pension defaults like CDC?
In the comments that follows , there is some useful follow up, I suspect that Tony understands enough of CDC to be worried. UK CDC (unlike the Dutch) has no pot for each member so he’s right to point out … Continue reading
Steve Webb on contracting out of SERPS – John Greenwood look away
Steve Webb gives us his view of contracting out. He ended it in 2016 after which there was nothing to contract out from. It is worth the three minutes with the former minister to remember just what a big part … Continue reading
Steve Webb’s COD! State pension contracting out deductions are a little fishy!
Help! I paid NI for 45 years but £20 a week will be knocked off my state pension because I ‘contracted out’ – please explain?@stevewebb1 replieshttps://t.co/5rQwJAZCoS — This is Money (@thisismoney) April 2, 2024 Ouch! I bet Steve Webb was … Continue reading
How private pensions became a synthetic version of SERPS
Once upon a time , the Government used to pay pensions based on contributions made by employers and employees. There was no formal pension fund that backed up this pension scheme but the Government , if it did not have … Continue reading
Extending time horizons can ease short-term funding pressure, but it shifts risk toward younger members. Reform should make those intergenerational…