The basic state pension could rise by hundreds next year thanks to the Department for Work and Pensions ( DWP ) Triple Lock. The DWP Triple Lock pledge could see the basic, old state pension rise alongside the full, new rate.

The old basic state pension, which is for those who reached state pension age before April 2016, is expected to go up to £184.75 a week. This would represent a £431.60 financial boost, taking payments to £9,607 annually. The old, basic state pension is for women born before 1953 if they're women and 1951 if men.

Steven Cameron, the pensions director at Aegon UK, added: "Inflation has been increasing, albeit gradually, over the past few months, most recently standing at 3.8 per cent. In August, the Bank of England predicted inflation would peak in September at four

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