DWP issues 1.5m state pension forecasts in six months

860,000 issued in previous 12 months

Tom Ellis
clock • 3 min read

The six months following the launch of the new state pension in April has seen more than 1.5m personal state pension forecasts issued, according to the Department for Work & Pensions (DWP).

By way of comparison, 860,000 forecasts were issued in the 12 months previous to the reforms. With four-fifths of the forecast requests viewed online, the DWP suggested the trend highlighted how consumers were welcoming the opportunity to access pension information quickly and "in real time".  AJ Bell senior analyst Tom Selby argued, however, it was essential to be able to access forecast information on state pensions because they were the "bedrock upon which savers' retirement futures are built".  He continued: "While the new flat-rate state pension for future retirees of around £155...

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