This is Money Podcast What you need to know about pensions with Steve Webb
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Feb 20, 2026 Sir Steve Webb, former UK pensions minister and long-running pensions columnist, guides listeners through top pension topics. He recalls a state pension underpayment scandal, explains why poor administration causes big problems, and discusses reforms like auto-enrolment, pension inheritance tax plans, the triple lock and saving shortfalls. He also offers practical steps to get control of your pension.
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IHT On Pensions Creates Executor Headaches
- Bringing pensions into the inheritance tax net addresses tax treatment inconsistencies versus ISAs.
- But it will create heavy burdens for executors and increase complexity at bereavement.
Plan Early For The IHT Rule Change
- Expect behavioural responses and financial-planning workarounds when IHT rules change.
- Seek early advice because those with access to planners will likely avoid the worst impacts.
Bring Back Transparent Free Advice
- Reintroduce transparent, 'free' pension advice funded by the industry to widen access.
- Use clear disclosure so people can trust advice without paying prohibitive upfront fees.