4.1 • 650 Ratings
🗓️ 2 July 2021
⏱️ 52 minutes
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0:00.0 | Welcome to This Is Money podcast. I'm Georgie Frost and alongside me and assistant editor Lee Boyce. |
0:05.0 | Today is Pensions and Investment Editor Tanya Jeffries. And coming up, more shocking cases in the 3 billion state pension scandal. |
0:13.2 | So Steve Webb will be joining us to discuss the latest. Meanwhile, do you know what your pension is invested in and what it's worth? |
0:20.5 | It might matter even more than usual |
0:22.4 | if the Chancellor gets his way and taps into our retirement pots to help pay for the pandemic. |
0:27.2 | We also discuss the new green savings bond from NS&I, how long is the term, what's the rate |
0:32.3 | and just how green are they? There's a chink of light for easy access accounts and, well, if you will leave |
0:38.7 | Lee and I to sort out the pod alone, we will find a way to talk about football. Don't worry, |
0:44.4 | it is money related. Don't forget you this up to date with all the latest breaking money |
0:48.0 | news, just go to this ismoney.com.uk or download the app at first. Sadly, we suspected that there would be cases like this in the |
0:56.6 | wake of the state pension scandal, but it is still shocking to read. Tobreed daughters have received |
1:02.1 | sums of £42,000 that should have gone to their mums to give them a comfortable retirement. |
1:09.9 | But they died in the 90s, having |
1:12.6 | been underpaid their state pensions for more than a decade. In one case, DWP was repeatedly |
1:18.6 | asked to review a retired teacher's £10 a week state pension from 2017 onwards. Her efforts got her |
1:25.6 | nowhere before her death three years ago, age 93. And her daughter also |
1:30.1 | got the brush off until she wrote to former pensions minister, Steve Webb, via his This Is Money |
1:35.5 | column, and he intervened personally in the case. Well, Steve joined us now with Tanya. Before we |
1:41.3 | get to that particularly shocking case, Steve, Tanya, just briefly remind us of |
1:46.2 | this scandal. We've talked about it quite a lot on the podcast, but just give us an idea of the |
1:50.2 | material impact that this has been having on people's lives. Okay, just to recap on what happened, |
1:56.5 | over a year ago, a lady and a husband wrote into Steve's column, which started our investigation |
... |
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