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: Tougher jail terms for mismanaging funds
Company bosses could Face Up to seven years in prison if they mismanage employee Pension schemes, says Work and Pensions Secretary Amber Rudd .
She wants a new offence of "wilfully or recklessly" mismanaging funds.
Plans outlined last year for a maximum sentence of two years in prison were toughened up after public consultation.
The Law will target "the reckless few". But one ex-pensions minister says civil, not criminal, action may be better.
Sir Steve Webb said it could be difficult and time consuming to reach the higher burden of proof needed in criminal cases.
"If you run your company Pension into the ground, saddling it with massive, unsustainable debts, we're coming For You ," Ms Rudd said.
Ms Rudd said current rules mean that "acts of astonishing arrogance" by a few Company Directors are punished with fines "that barely dent bosses' bank balances".
Under the proposed new law, which still requires Parliamentary approval, courts would also be given The Power to levy unlimited fines for mismanagement of pensions.
'Years away'Nicola Parish, from The Pensions Regulator, said: "We welcome the proposed new powers which, as a package, would allow us to identify potential problems earlier and take more effective action. "
And Frank Field , chair of The Work and Pensions Committee, said: "The Secretary of State deserves huge credit for stepping in to sort this so early in her tenure, where others have so long failed to act. . Most People would be aghast to hear that this law doesn't already exist. "
But ex-Pension minister Sir Steve Webb said civil action could be more effective.
Sir Steve, the former Liberal Democrat pensions minister in The Coalition government, said that The Criminal offence was "a good headline that risks achieving nothing or worse than nothing".
He said it was difficult and potentially time wasting trying to show, under criminal law with its higher burden of proof, that bosses deliberately underfunded a Pension scheme.
Sir Steve, now director of policy at Royal London insurance firm, added: "This initiative was first floated before The Last general election in 2017.
"Two years on, we have not even had the primary legislation. We are years away from seeing this in force. "
CollapsesThe failures of BHS, with a £500m Deficit in its Pension scheme, and the outsourcing group, Carillion, with an even bigger shortfall, prompted the government to conduct a review of Pension law.
A year after it was sold by Sir Philip Green for £1 in 2015, the retailer fell into administration, leaving a £571m Pension Deficit .
Sir Philip agreed later to pay £363m towards it to end action against him by the Pensions Regulator.
amber rudd, pensions, bhs
Source of news: bbc.com
Steve Webb Photos
