New state pension: Ten tips to share with clients

Massive changes to the state pension have come into operation. If clients reach state pension age after 5 April 2016 they will receive the 'new state pension'. The full amount is £155.65 per week (2016/17) and up until 2020, it's guaranteed to increase by the highest of price inflation, earnings growth or 2.5%, known as the "triple lock". But, according to provider Aegon, not everyone will get the full new state pension as it depends on whether people have paid full rate National Insurance contributions for 35 years. It explained due to complex transitional arrangements, some peopl...