Single-tier pension to cost £265m

clock

The implementation of the single-tier state pension will cost the Exchequer £265m, according to official figures released today.

The government published its white paper on state pension reform earlier this month, proposing a flat-rate pension of £144 per week for everyone with 35 years of National Insurance contributions fr...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Schemes must plan effectively as 2026 set to be 'significant' for pensions

Schemes must plan effectively as 2026 set to be 'significant' for pensions

Vidett says endgame planning, DC consolidation and dashboards will keep industry busy

Holly Roach
clock 15 January 2026 • 2 min read
Vidett acquires Bridgehouse Company Secretaries

Vidett acquires Bridgehouse Company Secretaries

Acquisition of corporate governance firm broadens Vidett’s offering

Jonathan Stapleton
clock 15 January 2026 • 1 min read
UK economy swings back into growth with 0.3% rise in November

UK economy swings back into growth with 0.3% rise in November

UK gross domestic product (GDP) grew by 0.3% in November 2025, according to the Office for National Statistics.

Cristian Angeloni
clock 15 January 2026 • 1 min read
Trustpilot