Today: 5. Nov, 2024
In a significant move for central government pensioners, the Department of Pension and Pensioners’ Welfare (DoPPW) has announced new guidelines to enhance pension benefits for retirees aged 80 and above. Starting from the month of their 80th birthday, these pensioners will be…
The State Pension is set to increase significantly in April 2025, likely surpassing inflation rates. This increase is due to the “triple lock” mechanism, which ensures that the state pension rises by the highest of three measures: inflation, average earnings, or 2.5%.…
Recent earnings data offers the most promising clue yet about the future of the State Pension Triple Lock. According to Steven Cameron, Pensions Director at Aegon, the latest figure of 4.5% annual earnings growth could set the stage for the next increase…
