Cost of state pension to soar £344bn in half a century

clock

The cost of the single-tier state pension will surge by £344bn between 2013 and 2063, according to figures published by the Office for National Statistics (ONS) today.

Data from the ONS showed total public expenditure on state pensions, including pension credit and the winter fuel payment, would rise from £94bn to £438bn over the 50-year period. The figures ca...

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

News Digest: Is it time to means-test the state pension?

News Digest: Is it time to means-test the state pension?

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 13 August 2025 • 1 min read
The Pensions Commission: Key principles for progress

The Pensions Commission: Key principles for progress

Kathryn Fleming says commission must consider three core principles to test adequacy

Kathryn Fleming
clock 12 August 2025 • 3 min read
Buzz: Will run-on become a mainstream medium-term strategy for DB schemes?

Buzz: Will run-on become a mainstream medium-term strategy for DB schemes?

DB run-on, educating savers and key pensions issue causing concern

Professional Pensions
clock 12 August 2025 • 1 min read
Trustpilot