State pension

The Prime Minister has become embroiled in the row over raising the state pension age for women.

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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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