11 million state pensioners warned their DWP payments are 'at risk'

11 million state pensioners have been warned their income is "at risk" by a plan to MEANS TEST the state pension. Department for Work and Pensions ( DWP ) state pensioners have been warned over the Conservative Party's plans for the Basic and Full State Pension.

Liz Kendall, the Work and Pensions Secretary, said: “Kemi Badenoch has let the cat out of the bag: the Conservatives plan to cut your state pension. The Tories ’ policy would lead to a raid on retirement that could slash hundreds from state pensions. Badenoch should urgently come clean on how much her plan will hit families. It’s clear that the Conservatives haven’t changed and they’ve learned nothing.

"This Labour Government is protecting pensions and our commitment to the triple lock means we can guarantee the full new state pension will rise by £470 this April and rise by up to £1,900 over this parliament.” The Labour Party government say such a plan would slash the income of some retirees by hundreds of pounds.

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And it comes after Tory Shadow Chancellor Mel Stride described the ”triple lock” - which secures the increase of pensions each year - was “unsustainable”. Research conducted by Hargreaves Lansdown has found that Britons are becoming increasingly unsure whether the retirement benefit will exist in its current form going forward.

A survey conducted by the firm found that around one in five of UK households thought there might have to be form of means-testing put in place to ensure the state pension survives. Helen Morrisey, the head of Retirement Analysis at Hargreaves Lansdown, explained: "There’s ongoing debate as to whether the triple lock should remain as the measure used to uprate the state pension or whether it’s too expensive.

"Other rumours centre on whether the State Pension age will need to rise in a bid to manage costs or if state pension should actually be means-tested. It’s certainty that people need if they’re to plan for the long-term. The state pension and the triple lock’s role within it needs to be at the heart of the government’s ongoing pension review to make sure it’s put on a sustainable footing. That way people can plan for their future without fear of major change."