Half of retirees 'will not qualify for full state pension'

Government figures released in response to a freedom of information request by Hargreaves Lansdown showed about two million people will get less than the £148.40 a week new state pension, outlined by the government, in its first five years. Hargreaves said the majority of people falling short of the full state pension are likely to have been contracted out during their working lives. Other people who get less than 100% are likely to have interrupted National Insurance contribution histories, such as mothers or the self-employed. The firm added the formula for calculating the new state...