State pension

Natasha Browne looks at the cost of the state pension in decades to come

The growing number of workers who are self-employed could hamper attempts to get more people saving into a pension scheme, according to a think tank.

The government can offer a more generous single-tier state pension and still create a cheaper system than is currently on offer, according to the Pensions Policy Institute (PPI).

PwC has urged the government to scrap the state pension age (SPA) after research found four out of ten people want more flexibility around when they can access their retirement benefits.

Seven out of ten people in the industry do not believe the combination of statutory auto-enrolment and new flat-rate state pension will give workers enough to retire on.

The income for the average retiree is almost 24% less than the minimum wage as pensioners experience an income drop of 66%, according to research.

Scottish pensioners enjoy better provision as part of the UK because of risk and resource sharing across the union, former prime minister Gordon Brown is expected to say.

The Department for Work and Pensions (DWP) has published details about how the state pension top-up scheme will work.

Women typically receive just £126 in weekly retirement income, which is an income drop of 68% from when they were in the workplace, according to LV=.

A scheme allowing pensioners to top up their flat-rate state pension through voluntary National Insurance contributions (NICs) is expected to raise £850m over two years.