All the updated news related to sir steve webb

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Personal Finance

Homeowners who lose job ‘may face initial lack of help with mortgage payments’

Homeowners who end up struggling with their mortgage payments due to a job loss may have to build up significant arrears before help arrives, according to a former pensions minister. Sir Steve Webb said the number of people receiving government help ...

04 Oct 2022 at 01:01

Personal Finance

‘Pension blunders still being made despite correction exercise’

State pension blunders are still being made, despite a huge correction exercise into past mistakes having been put in place, according to a former pensions minister. Sir Steve Webb has written to Pensions Minister Guy Opperman, giving examples of ...

07 Jun 2022 at 18:42

Personal Finance

Fair distribution of pension wealth ‘must not be overlooked during divorces’

Care must be taken to make sure a shake-up to divorce rules does not negatively impact women’s pension rights, according to a former pensions minister. Divorced women can already be at high risk of poverty in retirement because often relatively ...

05 Mar 2022 at 01:25

Personal Finance

Campaign launched to help mothers fix errors in state pension entitlement

Mothers are being encouraged to check whether they may be entitled to some additional cash after being underpaid state pension money. Consultants LCP have launched a campaign urging people to check their entitlements. Since the late 1970s, the ...

01 Sept 2022 at 18:48

Personal Finance

DWP ‘looking at solutions’ to fix errors with state pension payments

The Department for Work and Pensions (DWP) says it is looking at ways to fix errors in a decades-old IT system which have led to people receiving the wrong pension amounts. The BBC reported the problem relates to an ageing computer system ...

17 Jun 2022 at 12:27

Personal Finance

‘Every effort’ must be made to track down those owed missing pension money

Every effort must be made to track down people who may be missing out on state pension money due to vital information being absent from their national insurance (NI) records, a former pensions minister has urged. Some people may have ...

27 Sept 2023 at 00:01

Pensions shake-up could give employees option to pick ‘pot for life’ – reports

Pensions could become more like a bank account, into which different employers have to pay, an expert has suggested, following reports that a shake-up is set to be unveiled in the autumn statement. Measures could be outlined in a ...

21 Nov 2023 at 11:54

Personal Finance

Some pensioners ‘may have to set money aside for unexpected tax bills’

Some pensioners could have to start setting money aside for out-of-the-blue tax bills, a consultancy firm is warning. Frozen income tax thresholds, alongside bumper state pension rises, may push more pensioners into paying tax. ...

21 Oct 2023 at 00:01

Personal Finance

‘Shocking’ number of ultra-long mortgages due to run past state pension age

Young home buyers are being forced to gamble with their retirement prospects by taking on ultra-long mortgages, according to a former pensions minister. According to freedom of information (FOI) data supplied by the Bank of ...

13 May 2024 at 07:39

State pension: Will retirees feel better or worse off in the months ahead?

Pensioners, many of whom face losing their winter fuel payments, are expected to see their state pension rise next spring in line with recent wage growth. Here is a look at how much they could get: – How much is the state ...

10 Sept 2024 at 12:45

Personal Finance

Majority of pensioners below poverty line ‘could lose winter fuel payments’

About five out of every six pensioners living below the “poverty line” could be at risk of being stripped of their winter fuel payments, according to a former pensions minister. Sir Steve Webb, who is now a partner at ...

04 Sept 2024 at 00:01

Personal Finance

New concerns over state pension errors raised by former minister

Fresh evidence that errors are still being made with some state pension claims has been uncovered, according to a former pensions minister. The Department for Work and Pensions (DWP) has been undertaking a correction ...

10 Aug 2024 at 00:01

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