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Genre: Pensions & Retirement / Topic: Personal Pensions
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Georgie Frost

This Is Money: Private vs public sector pensions — and how to avoid a race to the bottom

Georgie Frost
Original Broadcast:

This is Money

This Is Money: Private vs public sector pensions — and how to avoid a race to the bottom
Are private sector retirement plans being put at risk in order to help strengthen public-sector gold-plated pensions? Georgie Frost discusses this and other topics with Simon Lambert and Lee Boyce, including a couple of irritating taxes, where interest rates will be next year and whether you should get a LISA if you already own a home. Plus, they identify some key property hotspots.

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Georgie Frost

This Is Money: What you need to know about pensions with Steve Webb

Georgie Frost
Original Broadcast:

This is Money

This Is Money: What you need to know about pensions with Steve Webb
Sir Steve Webb has been This is Money's pensions agony uncle for the past eight years - and this week he celebrated an astonishing 400 columns. Every week, Steve, in partnership with This is Money's pensions and investing editor Tanya Jefferies, answers readers' questions about retirement. Steve joins Georgie Frost and Simon Lambert to answer your questions about pensions. From how to invest for retirement, to the state pension and tax , this show highlights what you need to know about pensions. Plus, with the Budget on the way and speculation at fever pitch, Steve, Simon and Georgie debate what might happen - and share their views on what should happen. Don't miss this essential podcast that could set you up for a richer retirement.
Guest:

Sir Steve Webb


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Adam Cox

Modern Mindset: Pension Awareness Week — Rebecca O'Connor on New Data Regarding Pensions

Adam Cox
Original Broadcast:

Modern Mindset

Modern Mindset: Pension Awareness Week — Rebecca O'Connor on New Data Regarding Pensions
It's Pension Awareness Week! Adam Cox is joined by Rebecca O'Connor from PensionBee to discuss new data about pensions. Discussing questions such as do you know how much you have saved so far? And what about the target you should be aiming for to maintain your current lifestyle? https://www.pensionbee.com/uk
Guest:

Rebecca O'Connor


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Georgie Frost

This Is Money: Do you really want your pension invested in risky unlisted companies?

Georgie Frost
Original Broadcast:

This is Money

This Is Money: Do you really want your pension invested in risky unlisted companies?
Chancellor Jeremy Hunt is looking for more risk to be taken in pensions - is this right? And should they not first sort out the estimated ten million errors in state pension records? Meanwhile one million people will be paying an additional £5,000 per annum on mortgage payments: could the Bank of England have done more? And finally - would Britain be safer if only women were allowed to drive?

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Georgie Frost

This Is Money: The Budget Verdict — pensions, childcare, energy bills and dodging recession

Georgie Frost
Original Broadcast:

This is Money

This Is Money: The Budget Verdict — pensions, childcare, energy bills and dodging recession
Jeremy Hunt had a spring in his step this week as he delivered his Budget. It was a considerably different air to the gloomy warning of trouble ahead in his November Autumn Statement. The headline act was a major shake-up of pension saving rules, removing restrictions that limit the amount that can go in without tax penalties. The lifetime allowance was abolished rather than raised, the annual allowance got a big bump, and rules to stop pension recycling were eased. Was this a bung for the rich shovelling cash into their pension - and doctors - or a move that will help many more young professional savers aspiring to a decent retirement, who may not realise the lifetime limit could be hit? Georgie Frost, Helen Crane and Simon Lambert delve into the Budget and joining them to explain the pensions element is a special guest, This is Money's retirement columnist and ex-pensions minister Steve Webb. Also in the Budget was news on the economy, a ray of hope on energy bills, and a big expansion of free childcare... but it won't come in for some time. The team look at all those elements and more. And finally, as the Budget claimed the headlines something else was rumbling on: a mini-banking crisis sparked by the Sillicon Valley Bank collapse. What is going on there and should we be worried?
Guests:

Sir Steve Webb, Helen Crane


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Gavin Oldham

Thought for the Week: Generation X in the Spotlight

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: Generation X in the Spotlight
If you’re currently aged between 43 and 59, start watching the news carefully: the chances are that the Government has you firmly in its sights. Of course there's much talk of getting you back to work, if you're one of the 'economically inactive' following the pandemic — but they also have it in mind to make you wait a couple of years longer before your pension can start. For every downside there is, of course, an upside: but that flows 100% to the Government, since HM Treasury would see a windfall of c. £10 billion pa. Be prepared to roll your sleeves up, unless you can master new technologies! Background music: 'Officer of the Day March' by the United States Marine Band

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Georgie Frost

This Is Money: How to get a better pension: Steve Webb answers your questions

Georgie Frost
Original Broadcast:

This is Money

This Is Money: How to get a better pension: Steve Webb answers your questions
This is Money's pensions guru Steve Webb racked up his 300th column answering readers' questions this week. Over the past six years, Steve, with the help of pension and investing editor Tanya Jefferies, has been guiding readers through the retirement maze - with his column regularly among the most popular stories of the week. To celebrate his 300th column, Steve joins Tanya, Georgie Frost and Simon Lambert for a special podcast episode to answer your questions. It's a dive into much of what you need to know about pensions, ranging from saving for retirement, to investing in your pension years and, of course, the state pension and triple lock. Among the questions on the agenda are: Is it better to put money into my pension or pay my house off quicker? Why do people retiring under the new post-2016 system get higher payments than me? My 41-year-old son has started a new job on a four year contract but there is no pension scheme, is that legal? My pension was valued at £94,000 last year now its worth £74,000 - and I was about to take my 25% lump sum , what can I do? I paid £692 into my work pension last month and within ten days my fund had lost over £800, am I throwing good money after bad? Steve and the This is Money team answer all these questions and more and discuss the issues involved.
Guest:

Steve Webb


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Georgie Frost

This is Money: Is this the answer to pension freedom without the pain?

Georgie Frost
Original Broadcast:

This is Money

This is Money: Is this the answer to pension freedom without the pain?
More than five years since pension freedom arrived a solution to take the pain out of investing in retirement is being lined up. Before pension freedom many savers were locked into buying an annuity with their personal pensions or defined contribution work schemes – and a lot of them felt they were getting a raw deal. That’s meant that keeping a pension invested and drawing on it as you choose in retirement has proved a very popular option. It is also a very tricky one to navigate – but now some simple help is at hand, so will it crack the conundrum of pension freedom without the pain? Tumbling annuity rates, an industry that failed to make sure people shopped around and the gamble on life expectancy that meant if you died early then you and your family would lose out, made annuities hugely unpopular. So, Chancellor George Osborne came up with a big bang approach that meant nobody had to if they didn’t want to anymore. The problem is that many people had simply opted for a ‘pay money into my pension while working and not think about it’ approach and so had no real idea how to invest for retirement. Now the industry has come up with a solution that involves savers being offered four ready-made investment deals when they first dip into their pension pots, if they do so without financial advice. On this week’s podcast George Frost, Tanya Jefferies and Simon Lambert, discuss whether this is the answer that savers need. They also look at the tsunami of pension and investment scams, what people can do to protect themselves and ask whether it’s the FCA or Google and the social media companies that should be doing more to crack down on it. Simon outlines his theory on why just as we are about to be able to get out and enjoy ourselves again, some big ticket inflation might hit. And the team look at another Santander 123 account rate cut – is it time for customers to finally give up, or is it a deal still worth having?
Guests:

Simon Lambert, Lee Boyce


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Georgie Frost

This is Money: Do you know how your pension is invested – and what will happen to the triple lock?

Georgie Frost
Original Broadcast:

This is Money

This is Money: Do you know how your pension is invested – and what will happen to the triple lock?
A large chunk of workers are unaware that their pension savings are invested in the stock market. When asked in a recent survey what they think happens to their cash, the most common answer was that they had 'no idea.' It doesn't make for pretty reading – Lee Boyce and Georgie Frost look at why it matters, and what can be done to get people more interested in their retirement pots. It comes as a reported rift has broken out at the top of government over the state pension triple lock. A key election promise, but there is a problem: With it rising on whichever is highest: inflation, average earnings growth or 2.5 per cent, it could go up a huge 18 per cent in 2021 under those rules. What changes could happen?From next month, your teen could be much richer as the first Child Trust Funds mature. What can your 18 year-old do with the cash? One option is not to buy private flights. Lee puts his weekly Consumer Trends column in the spotlight to reveal how much it costs to charter a flight, after one company reports a surge of interest. And what on earth is a hard seltzer? Sales in the US are booming and they have now come to Britain, will they prove as popular this side of the Atlantic?
Guests:

Simon Lambert, Lee Boyce


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Georgie Frost

This is Money: How many state pensions have been underpaid?

Georgie Frost
Original Broadcast:

This is Money

This is Money: How many state pensions have been underpaid?
A This is Money investigation has revealed a string of women who have been underpaid their state pension, but are they just the tip of an iceberg? On this week’s podcast, our pensions agony uncle Steve Webb and pension and investing editor Tanya Jefferies tell the stories of the women paid thousands less in state pension over the years than they should have been - and discuss their probe into the matter. Steve estimates that there could be tens of thousands of women who have been underpaid state pension. This is Money has called for a full review, but the Department of Work and Pensions is reluctant to act other than on a case-by-case basis. Should more be done? Also, on this week’s podcast Simon Lambert and Georgie Frost discuss the reopening of the property market, who might be brave enough to buy and sell now, and what the forecasts are for sales and house prices. Estate agents Knight Frank predict a 7 per cent drop, while the Bank of England says property prices may fall 16 per cent, but agents claim that lockdown has created pent-up demand. And, as the furlough scheme is extended, we look at the implications of 7.5million people having 80 per cent of their wages picked up by the state and how Britain weans itself off that.
Guests:

Simon Lambert, Tanya Jefferies, Steve Webb


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