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State pensioners have been urged to review their finances carefully. Claimants may wish to look over their spending in advance of next year's triple lock increase, which is set to lift payments by 4.8 per cent.

This would raise the full new state pension from the current £230.25 a week to £241.30 a week, or £12,547.60 a year. However, as state pensioners must wait until next April for the pay rise to take effect, they face navigating the winter months ahead first, with potentially steeper energy bills.

Mike Ambery, retirement savings director at Standard Life, warned that pensioners are "already feeling the pressure of rising costs" heading into the colder months.

He said: "The cost of living remains high and state pensioners, unlike people of working age, usually don't have

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