UK - The number of Pension Credit recipients went up by 110,000 people in February, figures from the department for work and pensions show.
The overall amount has now risen to 2.73m individuals across the country since it was first introduced in October.
Work and pensions secretary Andrew Smith said: “People up and down the country are claiming the money and help that they are entitled to. There is no doubt that Pension Credit is playing a crucial role in rewarding people who have saved for retirement and in lifting pensioners out of poverty.”
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.