How to get a better pension: Steve Webb answers your questions
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 10 September 2022
⏱️ 47 minutes
🧾️ Download transcript
Summary
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 podcast team answer all these questions and more and discuss the issues involved.
Transcript
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| 0:00.0 | Welcome to This Is Money podcast. I'm Georgie Frost and joining me and editor Simon Lambert today is Pensions and Investments editor Tanya Jeffries and a very special guest, Steve Webb. |
| 0:10.6 | Over the last six years, Steve has been helping This is Money readers with their pension queries and fighting a few big battles along the way. |
| 0:17.4 | Well, this week was his 300th column. So to celebrate that milestone, we've been |
| 0:22.1 | asking you to send in your questions to Steve. So coming up, Steve, we'll be discussing whether it's |
| 0:27.1 | better to put your spare cash into a pension or pay off your mortgage faster, how contracting |
| 0:32.0 | out affects your state pension. Whether work pension schemes are compulsory for employers, |
| 0:36.7 | what to do about the current |
| 0:37.5 | market turmoil and its impact on your retirement pot, and plenty more. So buckle up, Steve, |
| 0:42.8 | Tanya and Simon, here we go. Don't forget you stay up to date with all the latest breaking |
| 0:47.0 | money news, just go to this ismoney.com.uk or download the app. But first, Steve, many |
| 0:52.7 | congratulations, 300th column. Can you possibly pick out |
| 0:57.6 | your favourite or perhaps your most impactful? Thanks, Georgie. I think, I mean, every week I enjoy |
| 1:02.8 | the process of reading the dozens of questions that readers send in and they're just |
| 1:06.5 | fantastically diverse. So you always pick up something a bit quirky or something you've |
| 1:10.1 | never thought of before or something that makes you think. So I learn every week as well as pretending to |
| 1:14.5 | know what the answers are. I suppose I would have to pick the column that started off the big state |
| 1:18.7 | pension campaign. The one we wrote about Eladia was on a low pension and she and husband |
| 1:23.3 | spotted it and they got it increased, but they wondered how long they'd been on a low pension |
| 1:27.8 | for, and we published this, Tanya edited it and published it, and then snowball happened thereafter, |
| 1:35.5 | and we heard from more and more people, and now here we are, and the government, they've got |
| 1:38.8 | years to go before they finally fix it all, but little did we know when we published that column |
| 1:42.6 | where it would lead to. |
... |
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