{"id":12076,"date":"2016-05-07T13:00:07","date_gmt":"2016-05-07T06:00:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/ex-pensions-minister-is-still-worrying-about-pensions-we-should-too\/"},"modified":"2016-05-07T13:14:02","modified_gmt":"2016-05-07T06:14:02","slug":"ex-pensions-minister-is-still-worrying-about-pensions-we-should-too","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ex-pensions-minister-is-still-worrying-about-pensions-we-should-too\/","title":{"rendered":"Ex-pensions minister is still worrying about pensions. We should too"},"content":{"rendered":"


\nTen million people will find their retirement payout isn\u2019t adequate. Steve Webb has an idea that may fix the biggest issue facing pension savers in BritainI met up with Steve Webb this week, the highly regarded pensions minister in the coalition government for five years until he lost his seat in the election. He can be a lot more candid now he\u2019s out of office (particularly in what he says about George Osborne). What, I asked, is the biggest single issue facing pension savers in Britain today? Is it the fact we may all be forced to work until 70 before collecting a pension? Is it the way women born in the mid-1950s are shafted when it comes to the state pension? Is it the gaping hole in the BHS pension fund?It\u2019s none of these, he said. The biggest issue is something that is not being talked about anywhere, yet it will affect 10 million people \u2013 not today\u2019s pensioners, but those at work, on middling or low incomes. The good news is that the vast majority have been, or are about to be, automatically enrolled into a pension scheme, many for the very first time. The bad news? They will be seriously disappointed if they think the pension will pay out anywhere near enough when they come to retire. Continue reading…
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\nSource : theguardian.com
\nRead more…Ex-pensions minister is still worrying about pensions. We should too<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ten million people will find their retirement payout isn\u2019t adequate. Steve Webb has an idea...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-12076","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-38M","jetpack-related-posts":[{"id":43359,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-charges-capped-at-0-75\/","url_meta":{"origin":12076,"position":0},"title":"Pension charges capped at 0.75%","date":"March 27, 2014","format":false,"excerpt":"\r Government announces cap with effect from April 2015, a move that could spare savers fees worth up to \u00a3200m a yearFees for managing pension pots will be capped at 0.75% from next year, following concerns that rip-off charges have been eroding the value of savings.Steve Webb, the Lib Dem\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-the-10-point-action-plan-to-take-advantage-of-the-new-rules\/","url_meta":{"origin":12076,"position":1},"title":"Pensions: the 10-point action plan to take advantage of the new rules","date":"January 5, 2015","format":false,"excerpt":"\r You don\u2019t have to be on the point of retirement to be thinking about how you will survive once you stop workNext April will see the biggest, and most popular, reform to pensions in more than a generation. Any requirement to buy an annuity \u2013 much hated because of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36254,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/basically-a-huge-tax-increase-readers-on-proposed-pension-age-rise\/","url_meta":{"origin":12076,"position":2},"title":"'Basically a huge tax increase': readers on proposed pension age rise","date":"November 28, 2016","format":false,"excerpt":"\r Former pensions minister Steve Webb says the government is considering raising pension age sooner than previously planned. We follow your reactionTens of millions of workers under the age of 55 could be affected by changes to pension age sooner than previously planned, according to a former minister.Steve Webb, pensions\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74232,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/protect-savers-from-cold-call-pension-fraud-by-law-mps-urge\/","url_meta":{"origin":12076,"position":3},"title":"Protect savers from cold-call pension fraud by law, MPs urge","date":"December 11, 2017","format":false,"excerpt":"\r Report by work and pensions select committee says legislative action is needed to keep savings safe from scammersAn influential parliamentary committee has called on the government to fast-forward legislation that would halt the use of cold-calling by scammers who target people\u2019s retirement pension pots.In its latest report on pension\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9216,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/poorer-state-pensions-for-the-millions-advised-to-stay-contracted-in\/","url_meta":{"origin":12076,"position":4},"title":"Poorer state pensions for the millions advised to stay contracted in","date":"February 10, 2014","format":false,"excerpt":"\r If you contracted back in to the state second pension you could be hundreds of pounds the poorer when the new single-tier pension comes inThe state pension is changing, and both pensions minister Steve Webb and David Cameron are winners \u2013 but millions who didn't contract out of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36182,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-age-may-be-about-to-rise-again-says-former-minister\/","url_meta":{"origin":12076,"position":5},"title":"Pension age may be about to rise again, says former minister","date":"November 28, 2016","format":false,"excerpt":"\r Steve Webb says government considering faster timetable for higher state pension age of 70, affecting millions of workersThe government may be preparing to increase the official state pension age to 70 for millions of people currently in their 20s, a former minister has claimed.Steve Webb said documents produced by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/12076"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=12076"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/12076\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=12076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=12076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=12076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}