Half a million state pensioners are set to miss out on £26,000 from the Department for Work and Pensions ( DWP ). The triple lock protections do not apply in many countries, with DWP state pensioners living abroad warned.

Around 450,000 UK citizens who have retired overseas are affected by the Government’s frozen pension policy, according to new research by investment platform interactive investor.

Myron Jobson, Senior Personal Finance Analyst at interactive investor, said: "Many pensioners dream of spending their golden years overseas – whether it’s for a warmer climate, an improved quality of life or to be closer to family and friends.

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"But while the lifestyle may be appealing, it’s vital to conside

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