Category: Adequacy
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The energy price cap went up again on January 1st, by 1.2%. This brings the average household energy bill energy to £1,738 a year, an increase of £21 a month. This follows on from previous adjustments: Month Average annual bill for those on direct debit * January 2025 £1,738 October 2024 £1,717 July 2024 £1,568…
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I gave evidence to the work and pensions select committee today on pensioner poverty. They are interested in the causes of pensioner poverty and the role that state pensions and benefits play in ameliorating poverty. We talked about so many things during the hour in which I gave evidence alongside Carl Emmerson (IFS), Carole Easton…
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According to the Financial Times, Rachel Reeves has announced that the adequacy element of the pensions review is going to be put on hold. The rationale is that a review of adequacy could result in pension contribution increases that would force employers to spend “billions of pounds” more on pensions. The Government is concerned that…