Pensions

A parliamentary motion calling for extra measures to protect hundreds of thousands of women aged 55-65 who will be hit by changes to the state pension was unanimously passed by MPs today. But the vote isn't binding on the Government, which can choose to ignore it.

More than 106,000 people have now signed a petition protesting controversial changes to the state pension which will hit hundreds of thousands of women aged 55-65. MPs will decide if the petition should be granted a second parliamentary debate after an existing debate already scheduled for tomorrow (7 January).

Nearly half a million savers with one-year Pensioner Bonds will see the interest they earn drop from 2.8% to 1.45% when their fixed term ends unless they move their money, according to rollover rates published by NS&I. But you can get a much better rate elsewhere.

MoneySavingExpert.com is supporting a major petition highlighting the plight of hundreds of thousands of women aged 55-65 who will be hardest hit by changes to the state pension. We're urgently calling on everyone to sign it today to ensure that 'fair transitional arrangements' are debated in Parliament.

The amount people get in state pension payments from next April has been confirmed by Chancellor George Osborne today, while he also revealed those who leave the UK for more than four weeks at a time will no longer receive pension credit or housing benefit.

Today's Autumn Statement saw Chancellor George Osborne announce a raft of cuts and giveaways to balance the Government's books. However, as a MoneySaving website and consumer champion, we've focused on the key changes that will affect you.

A major review to improve consumers' access to financial advice has been announced by the Government.

Sweeping changes could be on the way to how we save for a pension, the Chancellor announced today.