Heidi Karjalainen
heidikarj.bsky.social
Heidi Karjalainen
@heidikarj.bsky.social
Economist at the IFS
Today’s inflation figure of 3.8% will be used for most benefit uprating next April. But state pension will rise in line with triple lock – based on earnings growth of 4.8%.

Below is my @theifs.bsky.social piece on issues around the triple lock and what we think is a better alternative.
October 22, 2025 at 8:49 AM
The OBR's Fiscal Risks and Sustainability report is out today with a chapter on the UK's pension system.

This is important and timely, setting out key challenges for the future. For proposals on how to address them you should check out our Pensions Review report from last week, thread below 👇
July 8, 2025 at 11:14 AM
Had a good chat on
@moneybox.bsky.social with @paullewismoney.bsky.social
about our Pensions Review work and what we should do about the triple lock and automatic enrolment – you can listen to it here:

bbc.co.uk/sounds/play/...
Money Box - Future of Pensions and Heat Networks - BBC Sounds
A wide-reaching report makes recommendations about the future of pensions.
bbc.co.uk
July 8, 2025 at 11:04 AM
Reposted by Heidi Karjalainen
NEW:The government continues to increase the state pension age. Next year it’ll start going up from 66 to 67.

Some people choose to - or need to - work longer as a result. Does it run down their health? Or can work keep you young?

We investigated for women whose pension age rose in the 2010s… 1/
May 13, 2025 at 8:50 AM
Reposted by Heidi Karjalainen
Today the government announced more detail on how they plan to tackle the large number of small pots in the UK pension system.

The reforms are due to be announced in the upcoming Pension Schemes bill this spring.

A few thoughts on why this matters and what was announced. 👇
April 24, 2025 at 3:12 PM
State pension age starts rising again in April 2026. Most people in their early 60s know their state pension age, but a significant minority are incorrect or unaware.

This is worrying as people may base retirement and saving decisions on incorrect information. Short thread👇
NEW: One-in-six of those with a state pension age between 66 and 67 – around 130,000 people – either underestimate or do not know when they’ll be able to claim their state pension.

@heidikarj.bsky.social's new Pensions Review briefing looks at people's state pension age awareness: [THREAD]
April 7, 2025 at 9:31 AM
Reposted by Heidi Karjalainen
We’ve written two new reports on the decisions people face when drawing on private pension wealth in retirement & policy reforms that might help improve these decisions. Important to get this right as defined contribution pensions get more important & can now be accessed flexibly. Thread below:
NEW: Reforms are needed to help people make good use of their pension wealth throughout their retirement and avoid exhausting their wealth too early.

New Pensions Review reports funded by @financialfairness.bsky.social look at the rising numbers making complex, risky decisions in retirement:🧵
April 1, 2025 at 1:47 PM