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AJ Bell head of retirement policy Tom Selby.
The state pension will increase by 3.1% in 2022/23, in line with September’s Consumer Prices Index (CPI) inflation figure, after the government suspended the triple lock.
Analysis from AJ Bell said HM Treasury would save about £4.bn as a result of the decision. The basic state pension will increase by £4.25, from £137.60 per week to £141.85 per week. The flat-r...
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