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Steve Webb

Displaying items by tag: Steve Webb

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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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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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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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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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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Dutch style collective pension schemes are part of a Bill going before Parliament today.
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The government may soon give individuals approaching retirement an estimate of their life expectancy to help with retirement planning, according to reports.
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Tuesday, 08 April 2014 11:36

Nest reaches milestone of over 1m members

The National Employment Savings Trust said it has achieved an important milestone after reaching over one million members.
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Pensions Minister Steve Webb said measures announced today will ensure pension schemes deliver value for money for savers.
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Hargeaves Lansdown says the DWP is right to consult on a charge cap on workplace pensions and changes should be made, particularly on older schemes.
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