State pension policy slammed as ‘appalling’ with 500,000 people set to miss out on boost | Personal Finance | Finance

His remarks, alongside others he made, were acknowledged by Penny Mourdant, Leader of the House of Commons.

However, for UK citizens who have chosen to live abroad in affected countries, Sir Peter’s remarks simply represent a reemphasis of arguments they have previously made.

Over time, the cost of living across the world has increased, making the frozen state pension less adequate to meet the needs of UK citizens who have retired there. 

As a result, certain expats are struggling to make ends meet on a pension with less purchasing power than it would otherwise have.

READ MORE: Map shows where pensioners won’t see state pension rise

Source link