Steve Bee

Pensions expert Steve Bee is director at Jargonfree Benefits, established to help SME firms extend workplace benefits to their employees.

Steve has written widely on pensions and related matters for Money Marketing.

Steve Bee: Changing advice for changing realities

There seem to be two types of financial advice. The one the industry is most familiar with is centred around investment advice. But not everyone has money to invest, and advice for many millions of people is more likely required to be focused on debt management and saving strategies. It is nice – fun, even […]

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Steve Bee: Will we ever have a state pension system to be proud of?

Half a million UK citizens living abroad in their retirement have had to suffer having their state pension entitlements frozen at the level they were at when they first moved away. This is not because they decided to retire abroad but rather because they chose to retire to countries that have no “reciprocal agreements” with […]

Steve Bee: Workplace market ripe for more than just pensions

Pensions are a bit like grapes; it is far more efficient to distribute them in bunches. No one in their right mind would think it at all sensible if supermarkets sold grapes individually, with every single one barcoded. And yet, in the mid-1980s, we thought it was sensible to distribute pensions to half the UK’s […]

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Steve Bee: How the UK lost its pensions mojo

A few decades ago, it was not at all unusual for ordinary workers in the UK to have a defined benefit pension scheme provided by their employer. That has all changed now, of course. Very few employers now offer DB schemes to new workers and the schemes we do have, in the private sector at […]

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Steve Bee: Hammond ignores Waspi women again

The chancellor’s last Budget before Brexit extended generosity to many, but made no mention at all of the plight of the four million women in financial hardship due to the recent seismic shifts in the state pension age. As Hammond took a seat at the end of his speech, some of the 80 or so […]

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Steve Bee: The three crises at the heart of our pension system

There has been more talk lately about the disparity between the value of pension entitlements accrued by public and private sector employees. It appears many are still surprised how much more some public sector employees’ pensions are worth than those in the private sector. There are many reasons for that but it is the confusion […]

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Steve Bee: The elephant in the room on workplace pensions

Employers providing DC pensions pay far less into them than those providing DB schemes Sooner or later, we will have to accept the fact the golden age of company pension provision in the UK is over. It has been for some time now, yet the pensions industry and the government are still in denial. The […]

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Steve Bee: Why we need an extra pension system

The problem with the pension system in this country is that our labyrinthine piles upon piles of bewilderingly complex rules and regulations are in place, by and large, to stop a tiny number of people from saving too much money. But the vast majority of the population save far too little for the future. This […]

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Steve Bee: Employers tied in knots by red tape on pensions

Many of my friends are ex-teachers, having retired from the profession. We were recently talking about how valuable the teachers’ pension scheme has been to them in building a decent amount to retire on and bemoaning the fact the next generations are unlikely to have such benefits provided through the generosity of their employers. Our […]

Steve Bee
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Steve Bee: Why still no justice for Waspi women?  

For calls for change to still be falling on deaf ears in 2018 is beyond disappointing There is a serious issue with our pension system today that has been allowed to continue for many years with no resolution. Over 20 years ago, the government decided to require millions of older people in the future to […]

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Steve Bee: Are advisers ready for the real baby boomers?

Contrary to popular belief, we have not yet seen the real wave of post-War babies reach their 60s – and millions have deferred DB pension wealth Something significant is about to happen that will affect all those involved in the giving of advice in the UK from 2020 onwards. In the five decades following the […]