state pension

The government could ease the transition to the flat rate state pension by paying out old state second pension entitlements as one-off sums in a ‘buyout' arrangement, according to a pensions consultant.

Governments must do more to reduce the long term cost of ageing on public finances, according to the International Longevity Centre UK (ILC-UK).

STATE PENSION

Millions of people are postponing retirement and plan to keep working for an additional six years as their pension savings are too low, according to LV=.

Fiona Murphy asks whether the flat rate state pension will go ahead.

A fifth of people approaching retirement will suffer large income falls and should expect to have to rely on savings and inheritances when they stop working, a report has found.

Self-employed people who plough their income into their business and dismiss retirement planning are taking a risk, research has suggested.

Pensions minister Steve Webb has urged the industry to "take a chill pill" on the schedule for state pension reform.

CONDENSED

Older people are struggling to access financial services because products and industry do not connect with them, suggests research.