State pension set to rise by more than expected in blow to Reeves October 14, 2025 The state pension is set to rise by more than previously expected after the Office for National Statistics (ONS) revised up its figures on wage growth for July, piling extra costs on public finances for Chancellor Rachel Reeves at this year’s Budget. The ONS revised up its wage growth figure for July from 4.7 per [...]
Interest rates likely to remain higher for longer August 8, 2025 Markets are indicating interest rates are set to stay higher for longer than expected after the Bank of England’s “hawkish cut” and gloomy inflation and growth forecasts shocked City analysts. Prior to the Bank’s interest rate cuts, markets had all but priced in a further 25 basis point cut by the end of the year, [...]
State pension could face insolvency by 2036 despite tax hikes July 6, 2025 Britain’s state pension could become financially unsustainable as early as 2036, despite recent increases in National Insurance contributions, according to new modelling by the Adam Smith Institute (ASI). The think tank warned the Treasury is on course to spend more on welfare payouts than it receives in National Insurance receipts within just over a decade. [...]
Labour urged to scrap state pension triple lock July 2, 2025 The government should scrap the £145bn triple lock on the state pension and employers should automatically contribute to private pensions, the Institute for Fiscal Studies (IFS) has said. Labour’s election manifesto last year said it would commit to keeping the state pension, while the Conservative Party pitched a ‘triple lock plus’ pension that would increase [...]
Winter fuel payments to return for 9m pensioners in £1.3bn Labour u-turn June 9, 2025 The winter fuel payment will be handed out to 9m pensioners whose income falls below £35,000 a year, the Treasury has revealed, in a £1.25bn blow to Chancellor Rachel Reeves’ chances of keeping her £9.9bn headroom intact.
Kemi Badenoch: Tories could means test state pension triple-lock January 17, 2025 Kemi Badenoch has said the Conservatives could look at means testing the state pension triple-lock, in what would be a major policy shift. The Tory Party leader was asked during a phone-in on LBC Radio whether she would “look at” the triple-lock on the state pension, which sees the welfare benefit rise each year by [...]
Questions grow over triple-lock as number of people on state pension climbs by 220,000 November 29, 2024 According to data from DWP, 12.9m people were receiving the benefit in May 2024, a 1.7 per cent increase on the previous year.
Pensionbee boss reveals the secret to a successful pension October 22, 2024 Pensionbee CEO Romina Savova has revealed what she describes as the big secret behind a successful pension.
Bittersweet boost: UK state pension to rise by 4.1 per cent due to triple lock October 16, 2024 Under the pensions triple lock, the state pension rises each April in line with whichever is highest of inflation, average wage increases or 2.5 per cent.
‘Expensive triple lock’ needs to be reformed to get UK finances in order, OECD says September 16, 2024 "The current fiscal trajectory is unsustainable in the long term," the Paris-based organisation said.