How to plan for retirement without relying on the state pension

Millions of people rely on the state pension but the cost is ballooning – and it’s only set to surge further.The full new state pension has risen in value by 55% over the last 10 years alone and is forecast to have cost the government £146 billion in 2025/26.The Office for Budget Responsibility (OBR) projects it will cost 9% of GDP by 2075/76, up from 5% now, putting the rise down to an ageing population and the cost of the triple lock – the policy which means the state p