State pension warning as 10m UK savers risk being £20,000 worse off

State pension warning as 10m UK savers risk being £20,000 worse off

Up to 10 million UK savers may be as much as £20,000 worse off because part of their state pension was not linked to inflation.The issue affects those who chose

DWP state pension age warning as rise to above 70 is ‘inevitable’

The rising financial pressure of the state pension means it is ‘inevitable’ the state pension age will have to be raised up to 70, an expert has warned. Costs for the Treasury of funding state pension payments will jump up in just a few months, with payments increasing 4.1% in April in line with the triple lock, which rises either by inflation, average earnings or 2.5% – whichever is the highest. One way the Government could help keep down the b…