Pressure on Chancellor over pensions triple lock

Average earnings data published this morning by the Office for National Statistics (ONS) has highlighted the difficult decision faced by the Chancellor this autumn when deciding on State Pension rates for April 2022.

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Earnings figures put triple lock under strain

Figures published yesterday by the Office for National Statistics (ONS) show that average weekly earnings grew by 6.6% year on year in the three months to May 2021, putting the pensions triple lock under further pressure.

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Transfers slump as contingent charge ban bites

The ban on contingent charging and the pandemic have resulted in a major slump in pension transfers, according to new research. 

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Pension freedoms cost savers £2bn in lost returns

Savers cashing out their pension pots to take advantage of pension freedoms since 2015 are set to lose £2bn as a result, according to new research.

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