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The Latest Breaking News from Steve Webb

‘Think big’: ex-pensions minister calls for UK contributions minimum to go up

Steve Webb says long-term plan is needed as experts warn 8% of earnings is not enough for decent retirement income

The Guardian - UK

Millions of pensioners ‘dragged’ into paying higher tax rates

“The nation has fallen victim to the effects of fiscal drag” says one expert

The Independent UK

Around 1m pensioners paying income tax at 40% or above

The number of people at state pension age or older who are paying the tax at 40% or above has doubled in four years, according to HMRC figures.

Evening Standard

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More than £800m of state pension underpayments identified in correction drive

Married women on low state pensions and the over-80s are among those who have been underpaid.

Evening Standard

Criticism over letters asking bereaved relatives to return pension overpayments

Sir Steve Webb said the letters from the Department for Work and Pensions do not make clear that repaying the money is voluntary.

Evening Standard

Not case for triple lock ‘indefinitely’ minister who introduced it suggests

Former Liberal Democrat MP Sir Steve Webb served as pensions minister in the coalition government, thinks there is still a case for keeping it now.

Evening Standard

Teachers, nurses and civil servants ‘could be offered higher pay for lower pensions’

Reform which could affect the NHS, schools and Whitehall and could help avoid future strikes over wages, has been branded ‘dangerous’ by some unions

The Independent UK

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Waspi women criticise ‘bizarre and unjustified’ ruling out of compensation

The Government said a blanket compensation scheme for Waspi women, which could cost taxpayers up to £10.5 billion, cannot be justified.

The Independent UK

Watchdog hits out at Government's decision not to compensate 'Waspi women'

Campaigners branded the Government’s decision not to compensate affected women ‘bizarre and totally unjustified’

Evening Standard

Principal indicted for ‘failing to protect students’ after two teachers arrested for sexual abuse

The indictment, filed in Columbia County Circuit Court, asserts that the principal “did unlawfully and knowingly withhold necessary and adequate physical care from the students of St. Helens High School.”

The Independent UK

Pension ‘megafunds’: How do they work and is bigger always better?

Reforms will be introduced under a new Pension Schemes Bill next year, as part of Government plans to boost economic growth.

Evening Standard

New Pension Schemes Bill: What you need to know about the megafunds shake-up

Reforms will be introduced under a new Pension Schemes Bill next year

The Independent UK

‘I despair as debts mount’: teachers’ pension delays put lives on hold

Logjam in pension pot valuations is ‘causing huge distress’ and costing money for divorcing couples

The Guardian - UK

How much state pensions are set to rise in April as Government 'face £100m bill'

The state pension increases in line with whichever is the highest of earnings growth, CPI inflation in September of the previous year, or 2.5

The National (Scotland)

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The Guardian - UK

Reeves mulling national insurance on employer pension contributions

Treasury officials examining potential levy that experts say could raise as much as £17bn for the exchequer

The Independent UK

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

Wage growth figures released on Tuesday suggest some pensioners will see an annual state pension increase of around £460 next year.

The Guardian - UK

There’s no need to cut poorer pensioners’ income. Smarter winter fuel solutions are at hand

Payments could be restricted to those living in lower council tax bands, as money expert Martin Lewis has suggested, writes former pensions minister Steve Webb

The National (Scotland)

Most pensioners in poverty will lose Winter Fuel Payment, research shows

MOST pensioners in poverty will lose their Winter Fuel Payment (WFP) under Labour UK Government cuts according to fresh analysis.

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The Guardian - UK

Can you apply for pension credit? It’s key to help with rising energy costs

It is a benefit that brings winter fuel payments with it, but many people are missing out

The National (Scotland)

Thousands of pensioners could be owed more than £100,000 in DWP error

A Freedom of Information (FOI) has found that pensioners could be owed more than £100,000 from the DWP.

The Guardian - UK

UK state pension: ‘thousands more’ may have been underpaid

New category of widows and widowers on receiving end of DWP errors, says former minister

The Independent UK

Starmer warned new pension bill will fail to tackle long-term pensions crisis

In his first King’s Speech, the PM unveiled plans to support more than 15m people with private pensions and ensure they get better outcomes

The Independent UK

Measures to help boost pension pots welcomed by industry experts

Legislation in the King’s Speech aims to encourage pensions consolidation and put a focus on value and outcomes for scheme members.

The Guardian - UK

Number of UK income tax payers leaps by 4.4m in three years due to threshold freeze

HMRC data shows 26% more people over state pension age paying tax on earnings than in 2021-22

The Independent UK

8.5m people over state pension age are income tax payers

Between the tax years 2023-4 and 2024-5, there was a 660,000 increase in income tax payers over state pension age, according to HMRC figures.

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