Younger generation support Government’s pension pot for life plans

[ Younger people are in favour of the Government’s pension pot for life plans, which aims to simplify the saving process, new data shows. People between the age of 25 to 34 are the most supportive of the plan (78 per cent) while support is also high among 35 to 44 year olds (73 per … Read more

Abolishing pension triple lock would be ‘toxic’, ex-ministers warn

[ Whoever wins the next election must protect the state pension triple lock, former pensions ministers have warned. The future of the policy has been thrown into doubt amid fears that funding the state pensions of a growing older population will drain the public finances. Sir Keir Starmer, who is on course to lead the … Read more

Pensions worth over £50bn at risk of being lost as number of pots surges

[ Over £50bn in pensions are at risk of being misplaced in lost accounts or scattered across multiple pots, new analysis reveals. Almost one in 10 workers believe they have lost a pension pot worth more than £10,000, according to new research conducted by the Centre for Economics and Business Research, on behalf of PensionBee. … Read more

I started getting my state pension two years ago

[ In our weekly series, readers can email in with any question about retirement and pension savings to be answered by our expert, Tom Selby, director of public policy at investment platform AJ Bell. There is nothing he does not know about pensions. If you have a question for him, email us at [email protected]. Question: I am well … Read more

When is the pension credit deadline? How to apply for £300 cost of living boost

[ Thousands of retirees only have until tomorrow (10 December) to apply for pension credit and receive a £300 cost of living payment. An estimated 1.2 million retirees who receive pension credit are eligible for the £300 boost. Anyone applying after 10 December will get their pension credit, if eligible, but will miss out on the cost … Read more