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

Aptia connects 200 schemes to pensions dashboard

Aptia connects 200 schemes to pensions dashboard

Pensions administrator says it will be connecting more schemes before deadline

Alex Levy
clock 05 August 2026 • 1 min read
Restore Britain criticises 'hijacking' of private pension investment

Restore Britain criticises 'hijacking' of private pension investment

Economic plan reveals the party would scrap the triple lock

Alex Levy
clock 04 August 2026 • 1 min read
The benefit of M&A expertise on trustee boards

The benefit of M&A expertise on trustee boards

Palwinder Hare says trustees with M&A experience can bring strategic value to boards

Palwinder Hare
clock 04 August 2026 • 2 min read
Trustpilot