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The State Pension is a form of retirement income provided by the government in the UK. It is a regular payment made to those who have reached the State Pension age, and is based on the number of years of National Insurance contributions made. It is designed to provide a basic level of income for those who have retired, and is supplemented by other forms of pension income.
The State Pension market is an important part of the UK pensions landscape, providing a secure source of income for those who have retired. It is a key part of the government's strategy to ensure that people have a secure retirement income, and is supplemented by other forms of pension income.
The State Pension market is made up of a range of providers, including the Department for Work and Pensions, the Pension Service, and private pension providers. These providers offer a range of products and services, including advice and guidance on retirement planning, and access to pension funds.
Some of the companies in the State Pension market include Aviva, Legal & General, Prudential, Standard Life, and Zurich. Show Less Read more