All State pension articles – Page 7
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News
GMP rectification facing further delays after HMRC announcement
The government’s delayed timeline for confirming payments due under guaranteed minimum pensions reconciliation will be published soon, HM Revenue & Customs announced on Thursday, as it attempted to put an end to long-running confusion over partial payments.
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News
SNP vows to end executive pay pensions gap
On the go: The Scottish National Party will support moves to ensure executive pension contributions are the same as for all workers.
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News
Labour promises £58bn redress to 1950s women
On the go: The Labour party has pledged to compensate women affected by the state pension age hike, with a £58bn commitment.
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News
Ombudsman: DWP failed to explain GMP downgrade to members
The Department for Work and Pensions failed to properly communicate the detrimental impact that ending contracting out had on increases for individuals with a guaranteed minimum pension, the Parliamentary and Health Services Ombudsman has concluded.
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News
Lib Dems in NHS pensions pledge
On the go: The Liberal Democrats have pledged to find a solution for the pensions crisis driving senior NHS staff to turn down extra work, but stopped short of any commitment to end the annual allowance taper.
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News
Actuaries call for legislation on DB schemes simplification
On the go: The Association of Consulting Actuaries is calling for the next government to facilitate the wider simplification of defined benefit schemes, as part of its manifesto for the December general election.
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News
Politicians expected to duck divisive pensions issues
On the go: Radical pensions reforms are likely to be avoided by political parties in their election manifestos, according to Royal London analysis.
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News
LTA to increase to £1.075m next year while pensioners get bumper rise
On the go: The latest data from the Office for National Statistics shows the consumer price index of inflation grew by 1.7 per cent in September 2019, with impacts on the state pension and the lifetime allowance.
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News
Poorest pensioners receive least government support
On the go: The poorest fifth of UK pensioners are receiving up to £4,000 less in state benefit income than their richer counterparts, research reveals.
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News
Women born in the 1950s lose state pension claim
On the go: The High Court has ruled against the BackTo60 campaign group, who were seeking the restitution of their state pensions backdated to age 60.
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News
State pension age should rise to 75, says think tank
On the go: A chorus of critics has condemned the Centre for Social Justice’s proposal to increase the state pension age to 70 by 2028, with a further rise to 75 by 2035, to make the system more sustainable and reflect longer life expectancies.
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News
Quarter of a million still inherit spouse's state pension via DWP loophole
On the go: A loophole means some spouses who outlive their partners are eligible to inherit some of their state pension, the Department for Work and Pensions has said, in a revelation that could boost many pensioners' income.
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News
Pensioner poverty rises for the first time since 2011-12
On the go: After more than two decades of virtually continual falls, pensioner poverty has shown a stark rise.
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News
High Court reviews government handling of equalisation
On the go: Campaign group BackTo60 headed to the High Court on Wednesday for a judicial review into how the government implemented the state pension age rise for women.
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News
Govt admits its pension forecasts have ‘significant’ inaccuracies
Pensions minister Guy Opperman was forced to admit “significant” problems with inaccurate state pension forecasting on Tuesday, raising fears hundreds of thousands of pensioners could be paid less than forecast.
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News
UK retirees in the EU could see their state pension frozen, warns Altmann
On the go: Hundreds of thousands of UK citizens who have retired to the EU could lose out on state pension increases if there is a no deal Brexit, former pensions minister Ros Altmann has warned.
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News
Falling healthy life expectancy for women pours fuel on SPA debate
On the go: Latest data on healthy life expectancy, published by the Office for National Statistics, have poured fuel on an already blazing debate about the recently increased age at which women can access their state pension.
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Opinion
DC Debate Q4: A pensions policy wishlist
After many years of tinkering, many in the pensions industry pray for no news and stability in the Department for Work and Pensions' policy announcements. But what changes could benefit savers, rather than the taxman? Five defined contribution experts discuss.
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News
UK employees set to work until they drop
On the go: The number of “early retirees” is at a 23-year low, according to latest employment figures from the Office for National Statistics, signalling that despite vestiges of ageism the older worker is in the ascendant.
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OpinionDelayed dashboard the answer to UK’s small pots problem
Auto-enrolment means every job now comes with a pension. It also means the UK’s existing small pension pots problem is significant and set to grow.