Tale of the state pension underpaid for 20 YEARS: This is Money podcast

Release time：2024-05-21 10:16:57 Source：International Insights news portal

The debacle over widespread errors in the state pension that This is Money and Sir Steve Webb uncovered, continues.

As of the end of October last year, DWP had paid out just under half a billion pounds to more than 80,000 people who’ve been underpaid.

But what about those who have died? This week, Tanya Jefferies, Lee Boyce, Angharad Carrick and Georgie Frost reveal the case where a letter was sent to the daughter of an 100 year-old man three years after he passed away, stating he had been unpaid state pension for two decades.

Yet, despite the letter – months later, she was left hanging on what the DWP was actually going to do about it.

And still on the state pension front, people continue to complain of top-ups chaos as the Government gets ready to launch a new online service next month.

Sir Steve is calling on DWP and HMRC to get in more staff.

You don’t need HMRC to have more staff to answer your call, oh no! You just need to be a VIP.

Apparently there is a helpline, also known as Public Department 1 (PD1) which answers calls nine times quicker. We explain more.

On the savings front, the FCA is launching a campaign to encourage savers to shop around – and if you rushed to sign up for a one-year fixed-rate cash Isa this time in 2023, Lee explains why you must act.

Optional and mandatory service charges at hospitality venues – Georgie, Ang and Lee give their verdict.

And finally the price of bitcoin jumped beyond $60,000 this week. What’s behind the latest cryptocurrency surge?

THIS IS MONEY PODCAST

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• Beware fixed-rate savings trap... and secrets from an Isa millionaire
• Is a 99% mortgage really that bad or a helping hand?
• How to sort your pension and Isa before the tax year ends
• Will the Bank of England cut interest rates soon?
• Was the Budget too little, too late - and will it make you richer?
• Tale of the state pension underpaid for 20 YEARS
• Will the Budget cut tax - and the child benefit and 60% traps?
• Will you be able to afford the retirement you want?
• Does it matter that the UK is in recession?
• Why would the Bank of England cut rates this year?
• You can bag a £10k heat pump discount... would that tempt you?
• Should you stick cash in Premium Bonds, save or invest?
• Is the taxman really going after Ebay sellers?
• What does 2024 hold for investors - and was 2023 a good year?
• How fast will interest rates fall - and where's the new normal?
• Is the mortgage crisis over?
• What drives you mad about going to the shops?
• Will the Autumn Statement boost your wealth?
• How to turn your work pension into a moneyspinner
• Autumn Statement: What would you do if you were Chancellor?
• Have interest rates finally peaked - and what happens next?
• How much will frozen income tax bands suck out of your pay?
• How much further could house prices fall?
• Will your energy bills rise this winter despite a falling price cap?
• Have interest rates peaked or will they rise again?
• Should we keep the triple lock or come up with a better plan?
• Should we gift every newborn £1,000 to invest?
• Are you on track for a comfortable retirement?
• Where would YOU put your money for the next five years?
• Mortgage mayhem has stalled but what happens next?
• Taxman customer service troubles and probate problems
• Energy firms rapped for bad service while making mega profits
• Inflation eases - what does that mean for mortgage and savers?
• Could your bank close YOUR current account with little warning?
• Energy price cap falling and savings rates race past 6%
• Was hiking rates again the right move or is the Bank in panic mode?
• Mortgage mayhem, savings frenzy: What on earth is going on?
• Money for nothing: Is universal basic income a good idea?
• Inflation-busting savings rates of 9% and cash Isas are back
• When will energy bills fall, and could fixed tariffs finally return?
• Should we stop dragging more into tax designed for the rich?
• How high will interest rates go... and why are they still rising?
• How can we build the homes we need - and make them better?
• Home improvements: How to add - or lose - value
• It's easier to win big on Premium Bonds but should you invest?
• How long should you fix your mortgage for - and what next?
• State pension goes above £10,000 - has something got to give?
• April bill hikes - and is it time we ditched the tax traps?
• Pensions, childcare, bills and recession: Budget special
• Can you trust the state pension system after these blunders?
• Are we on the verge of a house price crash or soft landing?
• How to make the most of saving and investing in an Isa
• Why is food inflation so high and are we being ripped off?
• Could this be the peak for interest rates? What it means for you
• Will we raise state pension age to 68 sooner than planned?
• Could an Isa tax raid really cap savings at £100,000?
• Will you be able to afford the retirement you want?
• Will 2023 be a better year for our finances... or worse?
• The big financial events of 2022 and what happens next?
• Would you be tempted to 'unretire' after quitting work early?
• When will interest rates stop rising and how will it affect you?
• Could house prices really fall 20% and how bad would that be?
• Do you need to worry about tax on savings and investments?
• Have savings and mortgage rates already peaked?

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