Steve Webb
| Use attributes for filter ! | |
| Gender | Male |
|---|---|
| Age | 58 |
| Date of birth | July 18,1965 |
| Zodiac sign | Cancer |
| Born | Birmingham |
| United Kingdom | |
| Spouse | Helen Webb |
| Party | Liberal Democrats |
| Prime minist | David Cameron |
| Education | Hertford College |
| Q3 Academy Great Barr | |
| Previous position | Member of Parliament of the United Kingdom (1997–2015) |
| Official site | heyyouitsmestevewebb.com |
| Books | Tanka Tanka Skunk! |
| Children | 2 |
| Date of Reg. | |
| Date of Upd. | |
| ID | 406327 |
Steve Webb Life story
Sir Steven John Webb PC is a British pensions commentator who was previously Liberal Democrat Member of Parliament for Northavon from 1997 to 2010 and for Thornbury and Yate from 2010 to 2015. He was the Minister of State for Pensions in the coalition government of David Cameron.
Triple lock means state pension set to rise by 8. 5% in April
... Sir Steve Webb, a former pensions minister and now partner at consultants LCP, estimated that the number of taxpaying pensioners would rise by around 650,000 to 9...
Mothers could have missed out on £1bn in state pension
... Sir Steve Webb, a former pensions minister who is now a partner at LCP, said: " The scale of these errors is huge...
Customers withdraw record amount of savings in May
... Former pensions minister Steve Webb, now a partner at consultancy LCP, said: " A combination of high inflation and frozen tax allowances means that well over eight million people aged 65 or over are now paying tax, a doubling in the last two decades...
Pensions: Tax overpayment of £1bn prompts reform call
... A system based on systematic over-taxing of pension savers cannot be right, " said Sir Steve Webb, a former pensions minister and now a partner at consultants LCP...
Bank of England boss tells investors pensions help must end
... However, former pensions minister Steve Webb, who now works for pension consultants LCP, said he thought Mr Bailey may have to extend the help...
Pensions scandal: Even more women were underpaid
... Former pensions minister Sir Steve Webb, who is now a partner at consultancy LCP, said the DWP had also admitted to an error in which credits for time at home with children - previously known as home responsibilities protection - may be missing from people s National Insurance records and therefore affect their state pension...
Two million more people paying higher rate tax
... Countering this approach, former Liberal Democrat pensions minister Sir Steve Webb said that " paying higher rate tax " used to be reserved for the very wealthiest"...
Pensions: Millions receive wrong amount 'for decades'
... Mind-blowing errorsSir Steve Webb, who served as pensions minster between 2010 and 2015, said he d never been alerted to the problem...
Pensions: Millions receive wrong amount 'for decades'
Millions of people have received the wrong pension for decades because of government IT failures, The Bbc has learned.
The errors, which are understood to have been known about since the 1990s, have still not been corrected.
A former pensions minister described the scale of The Problem as " truly mind-blowing".
The Department for Work and Pensions (DWP) says it is " investigating possible remedies".
Official analysis published last month suggests 23% of pensioners were underpaid, while 17% were overpaid.
Some People have been both overpaid and underpaid in different years, with the vast majority of errors worth one or two pence per week.
In 2002, it was decided by DWP officials that it would be too complicated to fix The Problem , and a solution has still not been found.
'Mind-blowing' errorsSir Steve Webb , who served as pensions minster between 2010 and 2015, Said he'd never been alerted to The Problem .
" The scale of these errors is truly mind-blowing, " he told The Bbc .
" Although the absolute size of the errors is typically small, The Number of people potentially affected is huge. More worrying is the total lack of transparency.
" It beggars belief to hear that a government department could simply decide that it was acceptable to pay the wrong rate of pension for decades, But feel under no duty to tell Parliament or The Public .
" If the DWP has sat on this secret for decades, it makes you wonder how many other things simply get brushed under the carpet. "
The Problem centres on The Pension Strategy Computer System , and its inability to accurately uprate an element of The State Pension called the Graduated Retirement Benefit.
The ageing computer System , which MPs have described as " not fit for purpose" was introduced in the 1980s.
It was due to be shut down in 2020, But has been kept going on a temporary basis.
In 2021, The National Audit Office found that problems with The System had separately led to 134,000 people who had claimed their state pension before April 2016 not receiving their full entitlement. The average underpayment was estimated at about £8,900.
This problem, which mainly affects widows, divorcees and women who rely on their husband's pension contributions for some of their pension entitlement, is expected to cost the government £1. 05bn.
" It is worrying that the DWP's IT systems have not kept pace with the demands on them, " Said Labour MP Sir Stephen Timms , chairman of The Work and Pensions Select Committee.
" A great deal of money has been spent on the Universal Credit programme - which is a good System - But other benefits like The State pension are relying on ageing and creaking systems. "
In a statement, The Department for Work and Pensions Said the errors were " decades old" and that " successive governments have not corrected this".
" A decision was made in 2002 not to make changes or corrections given The System 's complexity and minimal impact on individuals, until a new computer System was introduced. The Department is assessing the scale of this issue and investigating potential remedies, " a spokesperson Said .
Source of news: bbc.com
Steve Webb Photos
