Pensions

Britain will not be able to afford to honour its commitment to pay the full pensions of public sector workers, according to a report.

Joining Cathy Newman is Steve Webb, the Liberal Democrat minister at the Department for Work and Pensions to discuss the “bedroom tax”.

A flat-rate state pension from 2017, worth £144 for new pensioners, is announced by the government, amid warnings of a “con trick” and fears of a demand for higher contributions.

A flat-rate pension, equivalent to about £144 in today’s money, is being introduced from 2017. But there are more losers than winners in the new system, according to the Institute for Fiscal Studies.

Millions face a steeper tax bill under new plans for a flat-rate state pension. It is expected to mean higher contributions for final salary pension schemes in both the public and private sector.

As another committee considers how to tackle the problem of the UK’s ageing society, Channel 4 News instead looks on the bright side: at the potential benefits of having an older population.

With the number of over-65s expected to nearly double by 2050 and little plan for how to support them, Channel 4 News looks at what can be done to cope with the perfect storm of an ageing population.

Pension savers will see thousands of pounds shaved off their predicted future retirement pots from 2014 under plans to give people a more realistic idea of potential returns.

The cost of living fell to a three-year low in September – but recent energy price hikes by four of the big six energy companies, combined with food price rises, will push it back up again.

A landmark scheme to automatically place millions of people into workplace pensions begins today. Channel 4 News explains how the radical new scheme works.

The Spanish government unveils plans to radically reduce departmental budgets while protecting pensions to pave the way for another bailout from the EU.

Parents and grandparents will be allowed to draw on their pension pots to secure deposits for young family members in a bid to boost home ownership, Nick Clegg says.

People taking out a personal pension should receive bank account-style statements to prevent them facing hidden costs according to a report from a think tank.