The ‘triple lock’ makes the state pension too expensive and unpredictable and ministers should replace it with a new target level and wider overhaul of the pensions system, a study has recommended.
A profound shift in welfare policy that has seen pensioners benefit at the expense of the working-age population has weakened the social security safety net for those most in need, according to new...
A rising state pension age and lack of action to support the growing number of people experiencing long-term sickness could push more into poverty, the Health Foundation has warned.
Higher life expectancy could see pension and social care costs exceed more than a quarter of government spending over the long term, the Institute for Fiscal Studies has warned.
Raising the state pension age from 65 to 66 pushed nearly 100,000 65-year-olds into income poverty, leading to calls for more support for people in their 60s to find work.
Historic state pension underpayments resulted from repeated human error, and will cost the government at least £1bn to correct, according to the National Audit Office.
Campaigners have lost a High Court challenge on Westminster’s decision to raise the state pension age for women from 60 to 65, which could have cost the government £215bn.
Ending the triple lock on state pension increases will only lead to small savings for government and would not end the pressure for above-inflation increases, pensions consultants Hymans Robertson...
The state pension triple lock will increasingly skew the economy in favour of older people against the young and should be scrapped, the work and pensions select committee has said.
There is widespread confusion over the impact of the government’s state pension reforms as information produced on the changes has been confusing and sometimes contradictory, a report by the work and...
UK pension reforms may well fall down in practice unless the economy and employment levels stay strong, the Organisation for Economic Cooperation and Development has warned.
The triple lock on state pensions needs to end as it will become “prohibitively expensive”, Institute of Fiscal Studies director Paul Johnson has argued.
Annuities reform was the big ticket item in the chancellor’s ‘makers, doers and savers’ Budget, but at what cost to the public purse? PF talks to pensions minister Steve Webb about...
