All State pension articles – Page 5
-
NewsMaster trusts call for AE rate increase with opting down option
Pension specialists are calling for the government to introduce an opting down option when setting the next auto-enrolment minimum rate increase as a way of protecting those on lower earnings.
-
NewsUnite campaigners plan pensions clawback protest at HSBC AGM
Members of the Unite trade union will protest outside HSBC’s annual meeting, in the latest chapter of a long-running saga over employees’ pensions.
-
NewsDWP makes six further state pension errors since 2007
On the go: The Department for Work and Pensions has made a series of state pension errors, prior to the current large-scale correction exercise, according to a Freedom of Information request.
-
News
What the Spring Statement means for pensions
The biggest rabbit to emerge from chancellor Rishi Sunak’s hat at this year’s Spring Statement was arguably his commitment to lowering the basic income tax rate from 20 per cent to 19 per cent from April 2024.
-
OpinionRoadmap to tackle the gender pensions gap
Prospect’s Sue Ferns proposes solutions to tackle the gender pensions gap ahead of the Work and Pensions Committee’s hearing on this topic, as she warns that more needs to be done by the government to tackle the issue.
-
NewsGovt pledges to honour triple lock for rest of this parliament
On the go: The state pension triple lock will be honoured for the remainder of this parliament, Thérèse Coffey has said.
-
NewsDWP called to intervene in divorced women underpaid pensions
On the go: A bill calling on the government to include divorced women in its efforts to repay those who have been underpaid the state pension has been introduced in parliament.
-
NewsIWD: Mountain still to climb on the way to pensions parity
Research published ahead of International Women’s Day, which takes place on March 8, indicates that women are struggling to keep up with men in the UK when it comes to saving for their retirement.
-
NewsOmbudsman requests more info on state pension changes from DWP
On the go: The Parliamentary and Health Service Ombudsman is waiting for the Department for Work and Pensions to send evidence relating to the communication of changes to the women’s state pension age.
-
NewsCalls to raise the contribution limit for non-earners
On the go: The pension contribution limit for non-earners should be significantly increased to help tackle the pension savings gap, Aegon has said.
-
NewsCall for evidence on state pension age changes as costs mount
On the go: The independent review of the state pension age has published a call for evidence seeking views on the fairness, sustainability and affordability of the system.
-
NewsDWP reveals lack of applications for GMP compensation
On the go: The Department for Work and Pensions has confirmed that nobody has applied for guaranteed minimum pensions compensation, despite the publication of a factsheet designed to boost member awareness of the issue.
-
News
MPs warn of further state pension errors in scathing report
The Public Accounts Committee is calling for the government’s state pension payment system to be overhauled and underpayments to be treated more seriously, while warning that other errors could still be unidentified.
-
NewsPension ages need a rethink as life expectancy falls
On the go: The government should rethink its plans to increase the state pension age as life expectancy estimates show a further decline, according to a former pensions minister.
-
NewsMP seeks to extend auto-enrolment to 18-year-olds
On the go: Proposals that would see working 18-year-olds and low earners automatically save into a pension are being put before parliament this week.
-
NewsWebb calls on govt to delay increase in state pension age
On the go: The government’s plans to increase the state pension age from 66 should be delayed because we are not living as long as previously expected, according to research.
-
News
‘Transitory’ inflation soars to 10-year high, with more pain to come
Inflation soared to a 10-year high of 5.1 per cent in the year to November 2021, and those who once argued that the inflationary trend would be transitory are now warning that the worst is yet to come.
-
NewsState pension age rises could be changed as govt launches review
On the go: The government has launched a review of the state pension age to see whether the way it manages the cost is fair to taxpayers and pensioners.
-
NewsGovt to consult again on McCloud implementation in 2022
The Cabinet Office, Home Office, Department for Education and Ministry of Defence have each opened consultations into the first phase of the McCloud remedy, covering regulations that will see all legacy schemes close to future accrual from March 2022. However, new consultations on phase two of the remedy will be launched next year.
-
NewsGovt rejects Lords’ attempt to retain state pension triple lock
On the go: The House of Commons has rejected proposed amendments from the House of Lords to retain the earnings element of the state pension triple lock next year.