The state pension age is due to increase from 66 to 68 in the next few years with economists calling for an overhaul to the benefit system ahead of this hike.

Action has been taken by the Government by boosting the Carer’s Allowance earnings threshold by £45 a week to £196.

Boost for around three million claimants next year as rises confirmed

The building society, which is the largest in the UK, has spoken out ahead of Christmas and says the average homeowner could be given a house price rise by £10,725 next year.

On 17 December 2024, the High Court found in favour of the Financial Ombudsman, in a review of its decision to uphold a complaint relating to a discretionary commission arrangement (DCA) in a motor finance agreement.

Experts have slammed the chancellor’s decision to pause a review into pensions, saying failure to act could “leave millions of people at greater risk of an income shortfall”.

The DWP will closely monitor some claimants