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What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

UK DMO says sells 3.25 bln stg of 2046 linker at negative real yield

Reuters - UK Focus

LONDON, Dec 1 (Reuters) - Britain's Debt Management Office said on Tuesday it had sold 3.25 billion pounds ($4.9 billion) of the 0.125 percent 2046 index-linked gilt via syndication at a re-offer price of 129.738, equivalent to a real yield of -0.7475 percent.

HSBC, Morgan Stanley (Xetra: 885836 - news) , Scotiabank and UBS (NYSEArca: FBGX - news) acted as joint bookrunners for the sale.

($1 = 0.6634 pounds) (Reporting by Andy Bruce; Editing by Ana Nicolaci da Costa)