State pension

Just one in two people in the UK plan to fund their retirement through a pension, research shows.

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Campaigners protesting plans to accelerate the increase in state pension age handed a petition with more than 10,000 signatures to the government yesterday.

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Hundreds of pensioners are expected to meet their MPs in a mass lobby organised by AgeUK to protest about the accelerated equalisation of the state pension age.

Radical ideas such as abandoning the term ‘pension' and introducing an industry paid for lottery for savers should be adopted to plug the £9trn retirement savings gap, Ros Altmann says.

Pensions minister Steve Webb has defended the green paper on simplifying the state pension, saying the proposals would provide better outcomes for women.

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Increases to state pension age will hit the poorest men in society hardest, as one-fifth die before they can draw a pension, a former pensions minister says.

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