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A new, simpler flat rate State Pension will be introduced in April 2016, the Government has announced.
First published during the 2010 to 2015 Conservative and Liberal Democrat coalition government
The Government’s reforms to the state pension will work with automatic enrolment to boost pension-saving among low and medium earners.
The majority of people in today’s workplace reaching State Pension age in the coming 40 years will receive a higher state pension.
Simplified flat-rate pension will benefit women, low earners and the self employed says PM David Cameron.
Ministers confirmed today that the Government would stand by its commitment to protect pensioner incomes.
The amount of state pension money paid out to pensioners can differ by more than £200 a week - that’s a difference of £10,000 a year.
Almost 11 million Brits are facing inadequate retirement incomes according to new figures from the Department for Work and Pensions.
Since The Queen ascended the throne 60 years ago, the structure of British society has shifted. The number of pensioners has doubled.
From this week the average state pension payment for 2012/13 is estimated to be £124 a week, an increase of £6 from last year.
Pensioners will benefit from the biggest cash increase to their basic State Pension from next April.
The Government today confirmed that automatic enrolment will begin on time in autumn 2012 and all employers will remain in scope.
Help for firms to automatically enrol staff into workplace pensions from next year became law today.
Women who would have seen a two year increase to their state pension age will now have their wait reduced to 18 months.
Speech by the Rt Hon Iain Duncan Smith MP.
Twenty year olds are three times more likely to reach 100 than people of their grandparent’s age (80 year olds).
Broad support for state pension reforms that could significantly reduce the need for pensioners to apply for pension credit.
Proposals to address short service refunds, small pension pots and transfers will be put forward by the Government later this year.
Appointment of Trustee Members of NEST (National Employment Savings Trust).
Plans that will see the biggest shake up of the state pension system for generations were unveiled today.
A speech given by the Rt Hon Iain Duncan Smith, Secretary of State for Work and Pensions.
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