Govt examining state pension payment options during COVID-19 crisis

The government is “urgently” examining how to provide cash state pension payments to retirees who are self-isolating, according to Pensions Minister Guy Opperman.

Opperman said that the government was “working tirelessly to find solutions” for pensioners who are staying in their homes and might not have access to mainstream banking.

Last week, the government asked around 1.4 million vulnerable people, including those over the age of 70, to remain isolated for their own safety during the next 12 weeks of the pandemic.

He was responding to a question from former Green Party leader, Caroline Lucas, who had asked “if he will issue guidance to pensioners who collect their state pension payments in cash on how they can collect their pension safely” if they needed to stay isolated during the coronavirus outbreak.

Opperman said: “As both the Prime Minister and Chancellor have made clear, the government will do whatever it takes to support people affected by COVID 19 and we have been clear in our intention that everyone should be supported to do the right thing.”

Recent data from the Department for Work and Pensions (DWP) showed that the average pensioner income after housing costs increased by just £6 between the 2009/10 and 2018/2019 tax years.

The DWP said this earlier growth reflected increased income from benefits, including the state pension, as well as increased income from occupational pensions.

    Share Story:

Recent Stories


DB risks
Laura Blows discusses DB risks with Aon UK head of retirement policy, Matthew Arends, and Aon UK head of investment, Maria Johannessen, in Pensions Age's latest video interview

Sustainable equity investing in emerging markets
In these highlights of the latest Pensions Age video interview, Laura Blows speaks to Premier Miton Investors fund managers, Fiona Manning and Will Scholes, about sustainable investing in equities within emerging markets

Building investments in a DC world
In the latest Pensions Age podcast, Sophie Smith talks to USS Investment Management’s head of investment product management, Naomi Clark, about the USS’ DC investments and its journey into private markets
High-yield Investing
Laura Blows discusses short duration global high-yield strategies with Royal London Asset Management head of global credit, Azhar Hussain, in the latest Pensions Age podcast