The number of pension credit claimants has dropped to 1.8 million as of August 2017, according to the latest statistics from the Department for Work and Pensions.
This figures rises to 2.1 million including partners, but it is a drop of 120,000 from the previous year. In addition, nearly two thirds of recipients (63 per cent) were women. The DWP said the number of people on pension credit has been decreasing since November 2009, which it said was partially due to equalisation of state pension age, and the introduction of the new state pension introduced in April 2016.
Commenting Just Group director Stephen Lowe said: “While the continuing trend for fewer Pension Credit claimants can largely be explained by state pension reform, our research shows there is a significant number of retired homeowners who are not receiving all the benefits they are entitled to.
"Just Group research shows four in 10 pensioner homeowners who are eligible for benefits do not claim any additional State support and a further two in 10 are not receiving their full entitlement. The average loss of income for each household missing out stands at £1,013 a year, while the largest amount of benefit lost was £7,142 a year for a 64 year-old in Norfolk.
“For these people every pound of income counts, yet our research among home owner pensioner households indicates that they are missing out on thousands of pounds each year – money that would make a massive difference to people’s lives.”
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
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In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
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