Steve Webb
@stevewebb1.bsky.social
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Pensions Minister 2010-15; Partner LCP; all posts personal views
[email protected]
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Steve Webb
Andrew Harrop
18 days ago
Interesting trail from Ian Cheshire of the Pensions Commission at
@standardlifeuk.bsky.social
event The commission will publish modelling based on BOTH the state pension with a triple lock AND a less generous future state pension (even though triple lock not formally in scope)
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BrokenBanker
23 days ago
we go live to Heard Island:
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On the plus side, as it's his 66th birthday today, Andrew Mountbatten-Windsor will have qualified for his state pension...
24 days ago
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Can't help feeling that pensions stories won't be dominating the front pages tomorrow morning....
24 days ago
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Somersetchris
26 days ago
At this very moment both the BBC News and Sky News channels are yet again showing a live speech by Nigel Farage. When will they start showing every speech by
@zackpolanski.bsky.social
and
@eddavey.libdems.org.uk
live as well?
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This Monday marked 10 years of doing a weekly column for This is Money, answering reader questions on pensions. Little did we realise the impact it would have, including forcing the Govt. to refund over £900m in underpaid state pensions as well as helping lots of individuals - very rewarding!
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Steve Webb has made pensioners hundreds of millions of pounds richer
An unexpected upside of my column has been the wins - big and small - that have made a real difference to hundreds of thousands of people, says Steve Webb.
https://www.thisismoney.co.uk/money/pensions/article-15557275/Steve-Webbs-victories-past-10-years-British-pensioners-richer.html
26 days ago
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Billy Bragg
about 1 month ago
Just going to leave this here
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Hugo Rifkind
about 1 month ago
Today's column. On the abyss.
www.thetimes.com/article/c7f8...
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Iām guessing there will have been some raised eyebrows when this popped up in the DWP ministerial press cuttings this morningā¦.
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about 1 month ago
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Duncan Robinson
about 1 month ago
Column in which I ask the important question: has Torsten Bell ever killed a man?
economist.com/britain/2026...
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Iād started wishing Man Utd well under Carrick who seems decent ⦠now Iāll have to go back to hoping they lose ā¦.
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about 1 month ago
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My new column for Money Marketing on why the forthcoming pensions dashboard could have a bigger impact than people think - and why financial advisers could have a key role to make sure that it succeeds:
www.moneymarketing.co.uk/opinion/stev...
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Steve Webb: Why the Pensions Dashboard could be a bombshell
A bombshell will soon be launched into the normally still waters of pensions. And, in my view, financial advisers will have a key role to play in A bombshell will soon be launched into the normally st...
https://www.moneymarketing.co.uk/opinion/steve-webb-why-the-pensions-dashboard-could-be-a-bombshell/
about 1 month ago
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Duncan Weldon
about 1 month ago
BRB, just googling āwhat happens if you get rid of your lightning rod and there is more lightning?ā
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Jim Pickard
about 1 month ago
and no I haven't put the Mandelson-Epstein-Reinaldo scoop on twitter we journalists *can* make Bluesky the place to break news
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As expected, the Government has 're-taken' the WASPI compensation decision, but has come to exactly the same conclusion - no compensation. Just announced in the House of Commons.
about 1 month ago
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Steve Webb
Prospect Pension
about 2 months ago
Thanks to
@stevewebb1.bsky.social
(and colleagues at LCP) for this very interesting report:
lcpuk.foleon.com/gender-ethni...
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Home - A glimmer of light on the horizon
https://lcpuk.foleon.com/gender-ethnicity-pension-gap/gender-ethnicity-pension-gap-report-2026/
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Many people assume their will determines where their money goes after they die. But with pensions it's not quite that simple. This week I reply to a reader who wants her pension pot to go to her daughter with everything else to her husband and discuss who decides what goes to whom!
#pensions
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Can my daughter still have my pension under new inheritance tax rules?
If I die before my husband and still haven't touched my pension, will my daughter get this and how does this work as far as inheritance tax is concerned?
https://www.thisismoney.co.uk/money/pensions/article-15488633/Pension-daughter-inheritance-tax-STEVE-WEBB.html
about 2 months ago
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Mick Hodgkin
about 2 months ago
Anyone else having trouble telling the News and The Traitors apart tonight?
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Jack
about 2 months ago
Kemi discovering after 15 months that Robert Jenrick has been plotting in "secret"
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Stephen Bush
about 2 months ago
'Another Warrington has hit the North-West'.
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Paul Bernal
2 months ago
One of the few things that might actually get some kind of reaction from Musk would be the government and all MPs simply leaving X. This doesn't require regulatory or legal action. There are no barriers. They could *and should* just do it.
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My weekly column for This is Money is up. This week I respond to a reader who is paying into a personal pension (aside from a workplace pension) whilst on UC. The pension contribs should be deducted from income, but too many DWP frontline staff don't seem to know the rules!
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Why is DWP refusing to admit pension error costing me £110 a month?
I recently started paying £200 per month by direct debit into a personal pension as well as my works pension, to bring my contributions up to 15% of my gross salary.
https://www.thisismoney.co.uk/money/pensions/article-15443025/Universal-Credit-DWP-pension-error.html
2 months ago
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dag
2 months ago
There are always Trumps. And so that is why the United States constitution has checks and balances for the misuse of presidential power. The real story of Trumpās presidency is not only what he has done, but also what Congress and the Supreme Court have not done.
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Mike Harrison
2 months ago
Excellent to see
@marymcd.bsky.social
with a full page pensions piece in todayās FT. Politics and pensions mix badly.
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Mark Pack
2 months ago
On which note:
bsky.app/profile/did:...
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The Times & Sunday Times
2 months ago
Former pensions minister calls for change as frozen tax thresholds mean even those whose only income is their state pension are getting dreaded brown letters from HMRC
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1.3m pensioners and savers issued with surprise tax bill
https://www.thetimes.com/money/pensions/article/surprise-tax-bill-pensioners-savers-issued-9fvvll86x?utm_medium=Social&utm_source=Bluesky#Echobox=1767636763
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New Year's resolution to post more on here! So, here's our new FOI-based story on the surge in people getting self-assessment tax demands, now that the tax threshold has been repeatedly frozen. Govt's 2027 'fix' for (some) pensioners won't make much difference:
www.thesun.co.uk/money/378170...
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More than 1.3million households get shock HMRC tax bills
MORE than 1.3million households have got a shock HMRC tax bill including state pensioners. A Freedom of Information (FOI) request tabled by former Pension Minister Steve Webb has revealed a surge iā¦
https://www.thesun.co.uk/money/37817014/million-households-shock-hmrc-tax-bills-brits-state-pension/
2 months ago
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Jill Rutter
3 months ago
Lots of parallels between
#Ashes
defeat and what Labour voters in 2024 are feeling about the govt right now.. "its the hope that kills you". "It was supposed to be different this time". you wait 15 years for a win in Australia/regain power and then it all falls to pieces super quickly
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Leftback
3 months ago
It's four days away, that's not much of a prediction.
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Inflation can be the Chancellor's friend. 'Fiscal drag' measures such as freezing tax thresholds raise more money when inflation is high. So today's drop in inflation is not unalloyed good news for CX (Though if it paves the way for lower interest rates on the national debt it might be!)
3 months ago
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Felicity Hannah
3 months ago
Money Box Live next week is looking at the finances of blended families. If you have a story, comment or a question then please get in touch with me - itās
[email protected]
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2026 all the things
3 months ago
Person who actually deserves a trophy is the artist who made the FIFA peace prize trophy look like everyone in the entire world holding their head in their hands out of secondhand embarrassment
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Really enjoying the latest series of āthe Naked Weekā on Radio 4
@andrewhunterm.bsky.social
- last weekās āNews in Haikusā was a classic!
4 months ago
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Red Book says that the £2k cap on salary sacrifice: "shields 74% of basic rate taxpayers using salary sacrifice". But if 5 million basic rate taxpayers use it, then that's over 1 million 'ordinary workers' losing?
4 months ago
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Incredible that the OBR just leaked the Budget!
4 months ago
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Darwin Woodka
4 months ago
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Stuart McDonald
4 months ago
Today
@stevewebb1.bsky.social
and I released a report setting out our views on where State Pension Age (SPA) needs to go. We submitted to this to the Government SPA review last month. We recommend sharp increases to SPA, but with a guaranteed payout of 5 years. š§µ
www.lcp.com/en/insights/...
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Where next for State Pension Age?
Experts at LCP have proposed major changes to the UK's State Pension system, designed to make it more sustainable while ensuring it remains fair for those with lower life expectancy.
https://www.lcp.com/en/insights/on-point-paper/where-next-for-state-pension-age
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Paul Johnson
5 months ago
Paul Johnson would actually like the economy to work better for all, to see incomes grow and social mobility expand. He supports effective pro-growth policies. He is less keen on posturing politicians who pretend they have simple solutions and whose policies would damage all the above.
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Led By Donkeys
5 months ago
Farage: epic grifter
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Stuart McDonald
5 months ago
Everything you ever wanted to know about pensions (but were afraid to ask)... My colleague (and former Pensions Minister)
@stevewebb1.bsky.social
now has his own YouTube channel - a free searchable library of 3-minute explainer videos on pension topics.
www.youtube.com/@stevewebbexplains
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Ed Davey
5 months ago
People who have come to the United Kingdom legally, played by the rules and made it their home do not need to āgo homeā. This is their home. I've written to Kemi Badenoch to give her the chance to reject these divisive calls from her frontbencher Katie Lam.
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If the Chancellor were to cap or scrap tax-free lump sums from your pension, could she literally do it 'over night' on Budget Day? This is a reader question to which I reply in my column this week. I'm pretty sceptical that this will happen, but people are obviously concerned.
#pensions
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Could pension tax-free cash be slashed right away on Budget day?
If changes are proposed will they take effect immediately, or at the start of the next tax year, or do the possible changes need to be agreed through parliament?
https://www.thisismoney.co.uk/money/pensions/article-15197467/Pension-tax-free-cash-Budget-STEVE-WEBB.html
5 months ago
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Rick Burin
5 months ago
Man United fans asking Starmer to intervene and prevent them from going to matches
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Ian Beestin
5 months ago
āWhen you take over the world, remember how polite I wasā. A fellow train passengers justifies her position on saying āpleaseā and āthank youā whilst using
#ChatGPT
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Joanne Harris
5 months ago
The reason the Right are so invested in the myth that the arts have no value isnāt because the arts donāt generate wealth (they do); itās that studying the arts teaches people to imagine better ways of judging the value of an idea than by counting how much money it makesā¦
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Tim Bale
5 months ago
@joxley.jmoxley.co.uk
is always good, but this - on post-literate political communication - is really, really good.
www.joxleywrites.jmoxley.co.uk/p/playing-po...
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Josiah Mortimer
6 months ago
Lib Dem Tim Farron MP: "I'm a proud patriot, but I am no nationalist...You can tell the difference. "Patriots love their country. Nationalists hate their neighbours. I am a patriot." He says he's ashamed racists have tried to steal the flag. Farron hits out at the "poison of nationalism".
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Very much agree with this - defections in themselves donāt change a lot, but they are a strong signal of the relative health of the ācedingā party and the āreceiving partyā!
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6 months ago
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Sir Basil
6 months ago
Reminds me of this gag-
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Average earnings up 4.7% in latest ONS figures - this is likely to drive the 'triple lock' increase next April. New state pension will be less than £1 per week under the income tax threshold in 2026, and will exceed it in 2027.
6 months ago
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