State Pension
One in seven to rely on state pension in retirementPrudential reveals 14 per cent of Brits have yet to grasp the importance of saving a pension and are relying on the state pension to fund their retirement. |
Closing pensions loophole could cost as much as it savesThe government is to stop people living abroad who are married to UK citizens from claiming a state pension in a move that could affect 220,000 people. |
More women work beyond 60 due to changes to state pension ageA new study by the Institute of Fiscal Studies (IFS) reveals that more women are working beyond the age of 60 because of changes to the state pension age. |
ONS: More men than women working beyond state pension ageThe Office for National Statistics reveals that more men than women and a higher proportion of self-employed workers are working beyond state retirement age. |
HSBC study shows Brits live in fantasy world on retirement incomeBrits are living in a fantasy world over retirement as they expect to retire promptly at 65 and carry on living comfortable without savings sufficiently for retirement. |
£130k annuity pot needed to get same income as new state pensionThe government is set to introduce a new flat rate state pension in 2017 and pensioners would need a £130,000 annuity pot to get the same amount of money, according to research from Prudential. |
Prudential research shows gender pay gap extends to pensionsNew research from the Prudential reveals that men retiring this year can expect to receive a pension almost 50 per cent higher than women, at £18,000 rather than £12,250. |
ONS reveals today's pensioners better off than ever beforeNew data published by the Office for National Statistics shows that pensioners disposable income average £17,700 and that today's pensioners are better of than ever before. |
Inflation fall means state pension increase will be 2.5%The consumer prices index fell to 2.2 per cent, a 34-month low but analysts expect inflation to rise again in the coming months via higher food, utility and fuel prices. |
Pensions: Auto-enrolment begins today for biggest firmsThe government's new pension scheme, auto-enrolment starts today for the UK's biggest companies and it is hoped more than four million people will be using it by May 2014. |
Cameron calls for review of flat rate state pension plansDavid Cameron is considering changing his mind on the flat rate pension, a plan that was widely praised for abolishing means testing and simplifying the pensions system. |
State pension system is to complex and "would baffle Einstein"The Department for Work and Pensions says that the state pension system is too complex and that payments to recipients can vary by £200 a week as it sets out plans for a new white paper. |
OECD says 67 will be new global state pension ageThe Organisation for Economic Co-operation and Development says that state pensions have to be linked to life expectancy and countries should encourage auto-enrolment into pension schemes. |
Number of pensioners doubles over Queen's 60 years as monarchThe UK now has twice as many pensioners as in 1952, we are working on average for an extra 10 years each and the number of people living to 100 has risen by 44 times. |
2012 babies won't receive state pension until age 77, says PwCA new report says that increased life expectancy means that babies born in 2012 should expect to work until they are 77 and there children won't receive state pension until aged 84. |
UK total pension liability reaches £7.1 trillion, says ONSThe Office for National Statistics says that the total pensions liability for current UK pensioners and existing workers future pensions is £7.1 trillion. |
Over 50s will have to work 11 years beyond state pension ageNearly half of Britain’s over 50s could be forced to work for more than a decade beyond state pension age to keep their standard of living, a report warns. |
Basic state pension rises to £107.45 a weekThe basic state pension has risen by £5.30 or 5.2 per cent to £107.45. The increase is based on the level of the consumer prices index in September 2011. |
Row breaks out over ‘Granny Tax 2’ pension plansThe Government is bracing itself for another pensions storm – dubbed ‘Granny Tax 2’ – after a Treasury adviser recommended taxing the state pension at source. |
One in six people retiring will rely solely on state pensionNew research from the Prudential reveals that one in six peoplke retiring this year have no private pension provision and that the problem is worse for women. |
£1.3bn investment means Post Office branches will open longerThe Post Office has announced a new £1.3bn investment programme that is currently being piloted which will see branches revamped and increase their opening hours. |
PM in pensions u-turn to address concerns of womenAn amendment will be made to the government's pension bill delaying by six months the timing of the increase of the state pension retirement age to 66. |
Abolition of default retirement age will impact on youth employmentThe abolition of the default retirement age of 65 means age can no longer be the sole grounds for terminating employment but could lead to less opportunities for young people. |
A guide to the flat rate state pensionThe flat rate state pension is the most popular alternative for state pension reform in the UK but what is it, how will it work and when will it be introduced? |
State pension reforms criticised as unfair to womenBackbench MPs are urging the government to review the Pensions Bill over criticism that just a small minority of women will have to bear the brunt of the costs. |
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