State Pension: The flat rate State Pension, good news or an opportunity missed?

State Pension: The flat rate State Pension, good news or an opportunity missed?The announcement that the government plans to introduce a new flat rate State Pension will dominate the news for a few days to come. Many pension experts have welcomed the changes, siting a simpler system, which will better target those most in need, however after assessing the detail a growing number of dissenting voices can now be heard. So, is the flat rate State Pension as good ...

State Pension: Flat rate State Pension to be confirmed

State pension changes to be announced later today, flat rate State Pension to be introducedMore details of the long awaited flat rate State Pension will be announced later today. Following a long period of consultation it is expected that the government will announce the flat rate State Pension will start from April 2017. It is anticipated that the new flat rate State Pension will be set at £144 per week; although this figure will be adjusted to take account of inflation between now and 2017. The flat rate State ...

Everything you need to know about deferring your State Pension

Everything you need to know about deferring your State PensionReaching the State Pension age is often a seminal moment and many of us still retire when we reach this milestone. However, more and more people are continuing to work past their State Pension age and defer taking their State Pension until they actually retire. Increasing numbers of people are looking for more flexibility in their retirement planning, so we thought we’d take a look at some of the questions we regularly get asked ...

State Pension: Government rethink on £140 per week flat rate State Pension?

One of the coalition government’s flagship policies could be under threat, if reports in today’s Financial Times are correct. The Work & Pensions Secretary, Iain Duncan-Smith, has previously announced the introduction of the flat rate State Pension to replace the existing system, which was seen by many as overly complex. The policy was also included in George Osborne’s last budget. However, the FT reports today that Prime Minister, David Cameron, is considering a rethink amid fears that the policy will leave many worse off, including people traditional Conservative voters. The FT report, says that Mr Cameron has decided to review the policy, after ...