The amount of money spent on the state pension annually has grown by 50pc in the last decade writes Paul O’Donoghue
‘You’re starting to see the effects now of it rising, but it will bite in a big way from 2035 or so,’ says IFAC chair Michael McMahon. Photo: Getty Images
The amount of money spent on the state pension has jumped by 50pc over the last decade, with a prominent watchdog now warning of an impending “iceberg” of surging costs.