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.
As the Chancellor puts the finishing touches to the Budget, the PP team looks at what the industry would like to happen
The state pension age should rise to 70 by 2040 - more than 20 years earlier than scheduled under government changes - the former chairman of the Financial Services Authority (FSA) Lord Adair Turner said last night.
HM Revenue and Customs has announced measures to help defined benefit (DB) schemes handle the administration associated with the abolition of contracting out.
Scottish pensioners will have to wait more than a decade longer than their English counterparts to enjoy a third of their adult life in retirement under state pension reforms, according to the Pensions Policy Institute (PPI).
Is increasing the state pension age the best way to manage improved life expectancies? Natasha Browne investigates