What you need to know about pensions with Steve Webb
2/20/202656 min
Pensions are a topic that dominate the financial landscape and for the past decade This is Money readers have had Sir Steve Webb on hand to answer their questions.
A former pensions minister, Steve has been our weekly columnist for ten years and helped guide people through the maze of retirement finances.
On this episode of the This is Money Podcast, Steve joins Georgie Frost and Simon Lambert to talk about what's happened over those ten years and discuss what you need to know about pensions.
Whether they've been about saving for retirement, turning a pension into income, working out what the quirks of the state pension mean for you and much more, Steve has both helped the readers asking the question and the millions who have read the answers.
Aided by This is Money's pension and investing editor, Tanya Jefferies, Steve has also undertaken campaigning journalism, exposing among other things the underpaid women's state pension scandal, which got us a mention in parliamentary reports.
Also on this week's show, Simon reveals how to strike the best deal on a new car with the help of our industry insiders who know how much the salesman or woman will really knock off.
Plus, if you get an inheritance you don't need, can you pass it on with incurring an inheritance tax liability yourself?
And finally, just how good is Barclays' seemingly generous offer to pay you £1,000 for switching... and who exactly can get it?
Clips
Transcript preview
First 90 secondsGeorgie Frost· Host0:00
[upbeat music] Welcome to This Is Money podcast sponsored by Trading 212. I'm Georgie Frost, and joining me and Simon Lambert today is Sir Steve Webb, who is celebrating a very special anniversary, 10 years of being a columnist for This Is Money, replying to hundreds of readers with their pension problems, and in turn, helping many thousands more with their own retirement savings. So we're gonna do things a little differently today. In the first half of the show, we grill Steve on all things pensions, from the sustainability of the triple lock, to whether those in their 30s and 40s are slightly screwed, and what keeps him awake at night in the world of retirement savings. Then in the second half, Simon and I will turn our focus elsewhere. How much can you really save on a new car? Is Barclays' offer to pay you a grand really a such a good deal? And a decent problem to have, can you pass on an inheritance that you don't need? Don't forget to stay up to date with all the latest breaking money news. Just go to thisismoney.co.uk or download the app. But first, 10 years of being a columnist for This Is Money, and that's not his only job. He's also a partner at LCP as well, by the way, but he manages to fit it all in. So Steve, on behalf of all the readers who have definitely learned a thing or two from you, thank you.
Steve Webb· Guest1:17
Thank you, Georgie. It's nice to be with you again.
Georgie Frost· Host1:19
Always a pleasure to have you on the show, Steve. Um, is there one letter, I just wanna ask, one letter, I know 10 years is a long time, my memory is not that good, but, or an issue that you've covered