DWP issues 1.5m state pension forecasts in six months

860,000 issued in previous 12 months

Tom Ellis
clock • 3 min read

The six months following the launch of the new state pension in April has seen more than 1.5m personal state pension forecasts issued, according to the Department for Work & Pensions (DWP).

By way of comparison, 860,000 forecasts were issued in the 12 months previous to the reforms. With four-fifths of the forecast requests viewed online, the DWP suggested the trend highlighted how consumers were welcoming the opportunity to access pension information quickly and "in real time".  AJ Bell senior analyst Tom Selby argued, however, it was essential to be able to access forecast information on state pensions because they were the "bedrock upon which savers' retirement futures are built".  He continued: "While the new flat-rate state pension for future retirees of around £155...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Sipps: How clients can avoid common retirement planning mistakes

Sipps: How clients can avoid common retirement planning mistakes

'Retirement planning stands as a cornerstone of long-term financial well-being'

James Floyd
clock 28 April 2025 • 4 min read
Origo completes pensions dashboard connection

Origo completes pensions dashboard connection

Completed connection ahead of this week’s first deadline

Holly Roach
clock 28 April 2025 • 2 min read
HMRC repays £44m in overpaid pensions tax during Q1 2025

HMRC repays £44m in overpaid pensions tax during Q1 2025

More than £1.4bn in overpaid pensions tax recouped since 2015

Martin Richmond
clock 28 April 2025 • 3 min read