State pension

The new work and pensions minister David Gauke has laid into past governments who "tinkered around the edges" with pensions policy.

The Conservative Party has abandoned dropping the triple lock on the state pension in order to secure a confidence and supply deal with the Democratic Unionist Party (DUP).

The hung parliament means planned measures to mitigate scams will be kicked down the road, the industry has told PP.

A "period of stability" for the state pension age is needed and so the government should postpone any increase decision, the union Prospect has said.

The UK has awoken to shock news that the Conservative Party has failed to secure an overall majority, leaving the future government hanging somewhat in the balance.

Changes to pension policy must be viewed "through the lens of intergenerational fairness" by a future government, the Institute and Faculty of Actuaries (IFoA) has argued.

A $224trn (£174.2trn) combined deficit could hit the six largest pension systems if action is not taken now to address longevity risk, the World Economic Forum (WEF) has warned.

The Scottish National Party (SNP) has promised to put pressure on the next government to extend automatic enrolment (AE) to the self-employed and low paid.

The industry believes the Conservative proposals for pensions are the best approach, with some stating the commitment to ditch the triple lock is a 'bold but correct' move.

The Conservative Party's plan to replace the state pension triple lock with a double lock has provoked mixed responses.