Five key pensions decisions for the next government

The grey vote is a valuable thing – and pension giveaways have been in focus this election season. But the next government is going to have to make some difficult decisions.

Old couple looking at pension changes during general elections UK
(Image credit: Getty Images)

The cost of retirement has soared in recent years. Recent analysis suggests younger savers will need a pension pot of at least £1 million, if they want to enjoy their golden years in comfort. This comes at a time when the state pension is becoming increasingly expensive for the government to maintain. 

Nobody wants to talk about it in the lead up to the general election, with both Labour and the Conservatives promising to keep the state pension triple lock. The Conservatives have gone a step further, pledging to increase tax thresholds for pensioners too as part of the triple lock plus policy. However, some difficult decisions lie ahead for the next government. 

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.