State pensions set to rise 3.1% in 2022/23

The state pension is to increase by £290 a year (£5.50 per week) in April 2022, after the Consumer Prices Index hit 3.1% in September, the third highest pension increase since the introduction of the triple-lock.

What’s next for the state pension increase in 2022/23?

State pensioners will not get the bumper increase to their state pension in 2022/23 after the Government chose to temporarily abandon the triple-lock formula.

Your Finances in 30 Minutes

On this episode of The Business Brunch, we are joined by experts Ria Shepheard, Garry White and Giles McKean from Charles Stanley Wealth Managers as they discuss inflation and the impact on consumables, interest rates and their impact on individuals and the global economy, savings versus investments and an overview of equity investments.