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Pension sector reacts to govt defeat in Lords over triple lock

The pension sector has reacted to the government pension triple lock defeat at the House of Lords yesterday.The Lords voted by 220 to 178 back an amendment in favour of retaining the state pension triple-lock next year.

Transcripts for BBCNEWS BBC News 20211009 18:05:00

week seen that £139 increase at the price cap going up. and we ll find out how this story and many others are covered in tomorrow s front pages at 10:30 and 11:30 this evening in the papers our guestsjoining me tonight are the former pensions minister ros altman and jonathan walker who s the political editor of the birmingham post and mail. the education secretary has vowed to tackle persistent pupil absences head on , describing it as a key priority . in a speech to head teachers this afternoon, nadhim zahawi said disadvantaged children lose out most from not being in school. ahead of the spending review later this month, he pledged to invest record sums in children s education we must really close the gap, the disadvantage gap. and do the best by every single child by focusing on the outcome for everything a child. and that means mental health must be better understood and support

Divorced woman who never claimed a state pension receives £60k

A 77-year-old woman who assumed she did not qualify for a state pension says it feels like I have won the lottery after she received the huge backpayment.

More than 300,000 equity release customers could save an average £33k

Thousands of homeowners with snowballing equity release debts could be paying an average of £30,000 over the odds because they are unaware they can switch to a cheaper rate. More than 300,000 homeowners owe money to an equity release provider after borrowing cash locked up in the value of their home. Yet while interest rates on offer now are at record lows of around 3 per cent, and the number of deals to choose from is at an all-time high, thousands of homeowners are still stuck on old rates of 6 per cent or more. Overpaying: Thousands of homeowners with snowballing equity release debts could be paying an average of £30,000 over the odds because they are unaware they can switch

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