The coalition government will not cut any universal benefits for pensioners, the spending review revealed.
Chancellor George Osborne has said the government will carry out a full public consultation on the discount rate of valuing public sector pensions.
Equitable Life with-profts annuitants (WPAs) will be paid in full from a £1.5bn compensation pay-out, with the first payments coming next year.
The State pension age will reach 66 by 2020, Chancellor George Osborne said today.
The Comprehensive Spending Review is necessary to bring the UK economy "back from the brink", says Chancellor George Osborne.
Chancellor George Osborne has unveiled a range of cuts to government spending, aimed at bringing the UK's burgeoning deficit under control.
The government spending review is not a short term fix but a long-term restructuring of the nation's economy, according to a senior Conservative MP.
The UK recovery is losing momentum and will slow over the winter but chances of a double-dip recession are "exaggerated", according to the Ernst & Young ITEM Club.