Tag Archives: Steve Webb

Financial education? It needs more conviction than most of us can muster!

People in the pensions industry are fond of using the phrase “financial education” as if they know the answer and those who aren’t doing what they want to do are financially illiterate.  This is hugely arrogant and largely wrong. People … Continue reading

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GMP equalisation; will my DB transfer get a top-up?

This blog is a Q&A from the Daily Mail’s”This is Money” online service . I love reading Steve Webb’s answers which are as authoritative and simple as Martin Lewis’. “I transferred my final salary pension to my private pension scheme … Continue reading

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The value of Ellie’s pension saving

I am not sure what John Ralfe had in mind when he tweeted Unless this self-employed 25 year old is paying 40% tax, they should be saving outside a pension, not inside (and possibly even if they are 40% taxayers) … Continue reading

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Who pays the £200bn bill to protect our state pension?

  First they suspended the triple lock The triple lock has been in place for over 10 years, here is now it has done so far. The Government afforded these increases out of revenues and have made successive promises to … Continue reading

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Steve Webb’s real world where pensions are pensions.

Sometimes pension specialists need reminding of what matters to non specialists-what we call (with some embarrassment)  “real people”. That’s what Steve Webb did on Thursday, speaking to around 250 PMI members  assembled virtually and in person in the City. This … Continue reading

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If not us who? If not now -when? Let’s bring back pensions.

As someone who has priced drawdown and annuities I can tell you the NPV, RoE, RoC and DPP are far more attractive on drawdown and asset management than they were on Open Market annuities. Why else do you think there … Continue reading

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The Lords will go no further on the triple lock

House of Lords has decided to go no further on the triple lock and the legislation has now passed. Pension rise in April 2022 will be 3.1%. — Steve Webb (@stevewebb1) November 16, 2021 We should be grateful to Sir … Continue reading

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Steve Webb pours scorn on the Government’s vision for pensions

You don’t really need satire when this is how Government sees things… https://t.co/QIlhmuBxKF — Steve Webb (@stevewebb1) November 8, 2021   At yesterday’s Work and Pensions Select Committee meeting, Guy Opperman and John Glen were quizzed for two hours on … Continue reading

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Taking back control of our retirement savings.

Pensions have long been seen to have an image problem. Ever since I started selling s226 policies in the early eighties I have heard them described as a rip-off. When you look behind that complaint you get to the frustration. … Continue reading

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Why is the state pension so complicated?

  Due to the wonder of BBC sounds , you can listen to Paul Lewis, Ros Altmann and Steve Webb discussing this question (minutes 2-13); it’s well worth listening to as it is full of good tips for you , … Continue reading

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