In today’s Autumn Statement, Chancellor Jeremy Hunt confirmed that both the State Pension and benefits will rise from April.

Retirees are set to receive an 8.5% increase to their State Pension from April next year as CPI inflation held steady at 6.7% for the year ending September.

Pensions and retirement provider Aegon has called for the Government, employers and pensions industry to work together to rethink life after 50.

The latest official wage growth figures - published today by the ONS - mean the State Pension should rise to £11,501 in April 2024, a 8.5% rise from £10,600 this year.