All State pension age articles
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NewsWork and Pensions Committee demands answers on WASPI compensation
The Work and Pensions Committee chair Debbie Abrahams has written to the Work and Pensions Secretary asking for more information about the government’s decision not to compensate women who were affected by the rise in the state pension age.
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FeaturesDashboards Nine-Nine: Connecting the state pension
With live data connections to the dashboards ecosystem just two months away, our series of articles from independent consultant Richard Smith approaches a climax as he explores the last of his nine pensions.
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NewsNo compensation for WASPI women, says government
The government will not pay any compensation to women born in the 1950s and affected by the rise in the state pension age.
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NewsOmbudsman slams DWP over state pension age increases
The Department for Work and Pensions (DWP) may be forced to pay compensation to women born in the 1950s after a report found the department had failed to communicate changes adequately.
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NewsState pension age ‘must rise to 71’, research shows
New data from the International Longevity Centre suggests that the UK’s state pension age must increase at a far greater rate than currently planned.
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NewsDWP and state pension: Contracted-out members reminded of inflation timebomb
Savers who contracted out of the state pension are being warned that the guaranteed part of their pot, may not keep up with inflation.
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NewsDelaying state pension age rise by 7 years will cost £60bn, says IFS
Delaying the planned increase in the state pension age by seven years to 2044-46 from 2037-39 is likely to cost the exchequer more than £60bn, according to the Institute for Fiscal Studies.
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NewsGovt delays plans to raise state pension age to 68
Ministers have delayed plans to raise the state pension age to 68 amid falling life expectancy in the UK, according to reports.
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NewsState pension age review to be published by May
On the go: The state pension age review will be published by May of this year, the pensions minister has confirmed.
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NewsPHSO finds ‘maladministration’ in DWP’s complaint handling
On the go: The Parliamentary and Health Service Ombudsman has found evidence of “maladministration” in the Department for Work and Pensions’ communication about changes in women’s state pension and in its complaints handling.
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NewsBurghart announced as minister for pensions and growth
On the go: Alex Burghart MP has been confirmed as minister for pensions and growth at the Department for Work and Pensions
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NewsDB members could lose £25,000 to inflation increase caps
On the go: Members could stand to lose out on £1,200 a year due to caps on inflationary increases in defined benefit schemes, amounting to £25,000 of missed income over a lifetime, according to analysis from XPS Pensions Group.
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NewsLGA calls for mandatory national insurance data in dashboards
The Local Government Association has argued that making national insurance numbers optional data will lead to a “poor experience” for pensions dashboards users, and has called for the government to make it a mandatory feature.
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NewsNearly half of lowest-income retirees are single women
On the go: Nearly half of retired households in the lowest-income group are made up of women living alone, official figures have shown.
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PodcastsPodcast: Trustees struggling to guide members on inflation benefits
Podcast: A report from XPS Pensions suggests that members could reap £10,000 additional benefits by delaying retirement because of the way increases and inflation are calculated, but trustees are struggling to help them because of the “red tape” around advice. LCP partner Laura Amin is joined by Hymans Robertson partner Patrick Bloomfield to discuss benefits’ inflation calculation and advice, concerns about defined benefit funding, and the women’s state pension age investigation.
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NewsOmbudsman to speed up state pension age investigation
On the go: The Parliamentary and Health Service Ombudsman is to adjust its approach to the remainder of its investigation into failures by the Department for Work and Pensions relating to changes to women’s state pension age, so it can “conclude the investigation as efficiently as possible”, having shared its preliminary views with interested parties.
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NewsRise in number of DB schemes appointing advisers to continue
On the go: A growing number of defined benefit pension schemes are offering new benefits to members such as appointing a financial advice company, according to consultancy LCP.
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NewsState pension age increase doubles poverty rates for over-65s
On the go: The rise in the state pension age from 65 to 66 has doubled poverty rates for the age group, resulting in over-65s losing state pension income worth around £142 a week in 2020-21.
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NewsState pension errors continue despite correction exercise
On the go: The Department for Work and Pensions has been accused of continuing to “wrongly” tell women they have no pension entitlement when, in some cases, they were due thousands each year.
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NewsHymans Robertson calls for AE credits to tackle gender gap
Hymans Robertson has called for the creation of auto-enrolment credits in a bid to tackle the gender pensions gap, which would see the government paying pension contributions for people taking career breaks.