The basic state pension will rise to £119.30 a week from April 2016, the Treasury confirmed.Read the full story ›
Fraudsters are bombarding older people with cold calls and emails offering bogus pension opportunities, Citizens Advice has said.Read the full story ›
Pension reforms affecting more than 300,000 people a year come into effect from today - giving savers more freedom with their money.Read the full story ›
Research has found that the majority of people approaching retirement say they have not yet been contacted by their pension provider.Read the full story ›
An investigation has been launched into claims that the details of millions of people's pension pots have been sold to fraudsters and cold-calling firms.
Pensioners' salaries, the value of the investments and the size of their pensions are being sold for as little as 5p without their consent, the Daily Mail reported.
Steve Eckersley, the head of enforcement at the Information Commissioner's Office (ICO), the privacy watchdog, described the claims as "very worrying" and announced an immediate investigation.
The Daily Mail claimed one of its undercover reporters were sold pension pot details for 15,000 people without any checks being made on who they were and what they wanted the data for.
"The worst case scenario here is this information getting into the wrong hands and being used to target individuals at a critical point in their financial lives," Eckersley said.
The claims come just a week before reforms giving Britons the chance to access their full retirement pots come into force.
Up to £140 billion of savings could be released when over 55-year-olds are allowed to cash in their pension pots from April 6th.Read the full story ›
This April, the biggest changes to pensions for a generation. Tonight investigates the greater prospects of wealth and the dangers lurking.Read the full story ›
A campaign is being launched ahead of changes which will give people the freedom to use their retirement pots like a bank account.Read the full story ›
Chancellor George has said that "difficult decisions" still need to be made to ensure Britain's economy becomes more balanced.
"We still have to make decisions because we are still running a five per cent budget deficit," he told the Andrew Marr show.
Asked about deep cuts in the next Parliament, he said: "Our argument is that we have to run a surplus in the good years. You have to mend the roof in the sun. You cant have great public services unless you have a strong economy. We have set out five years of plans, and we have two more years after that."
On the suggestion of a deal with Ukip, he said: "It is total nonsense. Voting for Nigel Farage makes Ed Miliband a likely Prime Minister.
"Nigel Farage is not going to win seats in the House of Commons."