The Latest Breaking News from Steve Webb

Thousands waiting for DWP repayment with millions still owed

The checking process has so far paid £209m owed, but estimations say the real number could be around £1.5 billion

Liverpool Echo · Nov 30, 2022

£209m handed back to retirees owed state pension payments

The amount paid back so far is a ‘drop in the ocean’ when compared to the nearly £1.5 billion estimated to have been underpaid, one expert said.

The Independent UK · Nov 29, 2022

State pension age could rise to 68 earlier than planned, report claims

Government says ‘no decision has been taken’ ahead of review due in ‘early 2023’

The Independent UK · Nov 26, 2022

Pensions set for bumper increase after Truss says triple lock is being protected

Prime Minister Liz Truss insisted ‘we are protecting the triple lock on pensions’.

The Independent UK · Oct 19, 2022

Fitch predicts deeper UK recession; mortgage rates climb – as it happened

Kwasi Kwarteng brings forward release of debt-cutting plan, as Bank of England announces new measures to support pensions sector through crisis

The Guardian - UK · Oct 10, 2022

DWP under fire for 'inadequate' mortgage help scheme

A former Liberal Democrat MP said the 'safety net' had been 'dismantled'

Bristol Post · Oct 7, 2022

Homeowners who lose their job could build up significant arrears before DWP help comes

Homeowners who end up struggling with their mortgage payments due to a job loss may have to build up significant arrears before help arrives from the Department for Work and Pensions.

Glasgow Live · Oct 4, 2022

Homeowners who lose their job may build up significant arrears while out of work before DWP help begins

People with a mortgage can only claim for help with interest costs if they are on a qualifying benefit.

Daily Record · Oct 4, 2022

Homeowners who lose job ‘may face initial lack of help with mortgage payments’

People may have already built up significant arrears before help starts and eventual payments may not cover their actual costs, Sir Steve Webb warned.

The Independent UK · Oct 3, 2022

Momentum of the early years of workplace pensions drive ‘needs to be regained’

Automatic enrolment into workplace pensions started in October 2012.

The Independent UK · Sep 30, 2022