state pension

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People within ten years of their state retirement age will be targeted in a new communication campaign from the Department for Work and Pensions launched to better explain state pension changes.

Pensions minister Ros Altmann has pledged to ‘clear up' confusion over the new state pension.

The vast majority of people do not defer taking their state pension, despite most being financially able to do so, losing out on as much as £19,000 extra retirement cash, according to research by Fidelity.

The government must rein in pension promises, or find the funds to back them as the state's unfunded liabilities approach £6trn, argues the Centre for Policy Studies (CPS).

The government has pledged to keep the triple lock on state pension increases until 2020 and to leave pensioner benefits such as the winter fuel allowance untouched.

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New pensions minister Ros Altmann has outlined her primary objectives in the role, including safeguarding the retirement ‘freedoms' that were introduced last month.

The UK Independence Party (UKIP) has announced plans for a retirement ‘window' allowing pensioners to take a slightly lower weekly state pension from the age of 65.

The Liberal Democrats want to enshrine the ‘triple lock' on the state pension into law and raise the tax-free allowance to £12,500 as the party unveiled its manifesto ahead of next month's general election.