Reform's Richard Tice has branded the long-established policy of the state pension triple lock, which guarantees pensioners' incomes rise in real terms each year, 'unsustainable'.
The full new State Pension will increase by around £574 from April, 2026, if the triple lock is retained
British pensioners are only getting 22 per cent of their pre-retirement income from government payment
The DWP has the exact date you get your State Pension - with a warning 'it might change'
There are also more than 700,000 older people eligible for a State Pension top-up of £4,300 annual income top-up.
Capita was planning to assume control of the Civil Service pension scheme in December after sealing a 10-year deal
New and Basic State Pension will rise under the earnings growth measure of 4.8 per cent
The Triple Lock means the New and Basic State Pensions increase each year
Millions of 1950s-born women across the UK missed out on State Pension payments after increases to the official age of retirement.
Pension Credit claimants with the Department for Work and Pensions, or DWP, could see their bills reduced.
Money experts say there are simple pension tricks you can use to bring your taxable income under £35,000 - here are more details
Pensioners will see an increase of up to £574 next year under the Triple Lock.
Meanwhile a "full" new state pension pays £230.25 a week, or £11,973 a year.
Claiming the DWP benefit can add an extra £342 per year to state pension