Martin Lewis has issued a stark warning that could potentially cost individuals thousands. The financial expert was discussing pensions on his programme, the Martin Lewis Money Show Live . Pensions are pivotal in ensuring people have sufficient funds for retirement. The full rate of the new State Pension is £230.25 per week, equating to roughly £12,000 per year. The State Pension age increased to 66 by 2020 and is set to rise to 67 between 2026-2028. The bare minimum required for retirement is