Single-tier pension to exceed £155 if increased by CPI

clock

The planned single-tier state pension will be at least £155 if the reform is introduced by the end of the parliament in 2015/16, forecasts show.

A green paper on a £140 flat-rate pension is due for release by the Department for Work and Pensions next week - with calculations showing the payment will be worth nearly £158 a week by 2016 if in...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Industry responds to DC and LGPS changes confirmed in Mansion House speech

Industry responds to DC and LGPS changes confirmed in Mansion House speech

Concerns about fewer individuals making decisions, member returns and sustainability

Jasmine Urquhart
clock 15 November 2024 • 5 min read
Women in Pensions and Rising Star Awards 2024: Photos from the night!

Women in Pensions and Rising Star Awards 2024: Photos from the night!

The industry's best were celebrated in a glittering ceremony on 14 November

Professional Pensions
clock 15 November 2024 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Chancellor’s Mansion House speech, TPR DB Funding Code, Utmost enters BPA market

Professional Pensions
clock 15 November 2024 • 1 min read
Trustpilot