Finance News – State Pension
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Kemi Badenoch backs costly triple lock pension as ‘Conservative policy’
Kemi Badenoch supports maintaining the pension increase mechanism despite warnings from the UK’s fiscal authority that its expenses have significantly exceeded initial forecasts.
Read Full Article →What is the triple lock and how much is the state pension worth?
The mechanism ensures that state pension payments increase annually based on the highest of inflation rate, average wage growth, or a minimum percentage, protecting retirees’ incom...
Read Full Article →State pension could face insolvency by 2036 despite tax hikes
New projections suggest that government welfare spending may exceed revenue from National Insurance within the next decade, potentially jeopardizing the long-term viability of the...
Read Full Article →Labour urged to scrap state pension triple lock
The Institute for Fiscal Studies recommends ending the current pension guarantee worth £145 billion and introducing mandatory employer contributions to private pension plans to add...
Read Full Article →Nigel Farage refuses to commit to keeping pensions triple lock if he wins next election
The potential removal of pension guarantees combined with proposed tax reductions raises questions about future government spending priorities and the sustainability of public fina...
Read Full Article →‘Ludicrous and unfair’: older workers react to pressure to delay retirement
The International Monetary Fund advises extending workforce participation among older individuals to address increasing fiscal challenges associated with an ageing population and e...
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