State pension forecast to hit £200 per week in 2024

Former pensions minister Sir Steve Webb predicts a 'financial rollercoaster'

Julia Bahr
clock • 2 min read
State pension forecast to hit £200 per week in 2024

The state pension is forecast to hit £200 per week in 2024 despite only being subject to the 'double lock' in 2022.

Based on the latest forecasts from the Office for Budget Responsibility (OBR), and calculations by Lane Clark & Peacock (LCP) partner and former pensions minister Sir Steve Webb, the firm suggested...

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

Pensions dashboards remain 'on track', pensions minister says

Pensions dashboards remain 'on track', pensions minister says

Torsten Bell says he is ‘pleasantly optimistic’ about the progress of pensions dashboards

Martin Richmond
clock 05 March 2026 • 3 min read
Aviva posts record number of workplace scheme wins and strong year for BPAs

Aviva posts record number of workplace scheme wins and strong year for BPAs

Insurer sees operating profit rise by 25% driven by growth across the business

Jonathan Stapleton
clock 05 March 2026 • 1 min read
TUC calls for workers to have more say in how their pensions are governed

TUC calls for workers to have more say in how their pensions are governed

TUC report finds push for consolidation is leading to a decline in member representation

Martin Richmond
clock 05 March 2026 • 3 min read
Trustpilot