News
State pension set for 4.8% rise as wage growth outpaces inflation
This comes after the ONS confirmed the Consumer Price Index (CPI) held steady at 3.8% in September, finalising the triple lock calculation.
State Pension
News
Women out of work in late 50s hit hardest by state pension age increases – IFS
The research found that women already out of work were more likely to have low incomes, poor health or a disability.
News
State Pension set for £550 increase as earnings outpace inflation – Broadstone
If this rate was maintained in September, Broadstone found the new state pension would go up by £551 to around £12,524 a year from £11,973.
News
State Pension provides half of income for over-80s, report finds
The research, comissioned by Quilter and produced with the Centre for Economics and Business Research (Cebr), found average annual retiree spending stands at £22,140.
News
Government launches independent review into State Pension age
Dr Suzy Morrissey has been asked by the Secretary of State for Work and Pensions to set out recommendations on a framework for future decisions.
Pensions & Retirement
66% of adults unaware of state pension deferral option – Just Group
33% of adults were not sure what would happen to their payments if they delayed, and 8% thought they would get the same or less if they put it off.
Pensions & Retirement
Early 50s workers face losing nearly £18,000 if state pension age rises sooner – Rathbones
If the change is brought forward so people have to wait until 68 between 2039 and 2041, workers aged 51, 52 and 53 could lose a year’s worth of state pension.
News
Retirees face £18,000 annual shortfall between expected income and state pension – Broadstone
The survey also found 26% of retirees aged 40 to 75 said they felt worse off in retirement than they had expected.
News
Millions of workers face inadequate pensions without reform – IFS
Data showed that around 20% of private sector workers, and 80% of the self-employed, were not saving into a private pension.
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94% of adults see State Pension as an entitlement – Just Group
Just Group found that 58% of people aged over 66 said the State Pension was affordable for the country in the long-term.
News
More pensioners set to pay income tax as allowance freeze bites – HMRC
The full annual new state pension reached £11,973 in 2025/26, which pushed hundreds of thousands more pensioners into paying income tax.
News
Grandparents childcare credit applications surge by 43%, boosting state pensions
Nearly 43,000 applications were made for specified adult childcare credits between October 2023 and September 2024, up 43% on the previous year, Quilter has revealed.