Minister hints at renewed plans to increase state pension age

In line with Cridland report

Hannah Godfrey
clock • 2 min read

Secretary of state for the Department for Work and Pensions David Gauke has hinted at plans to increase the state pension age in line with John Cridland's calculations in his latest review.

Speaking at the Association of British Insurers' long term savings conference, the DWP chief said the government must consider well thought out measures based on "solid evidence" when looking at the repercussions of increased life expectancy on future generations. He said: "I welcome the contributions of John Cridland and the government's actuary department on the future of state pension age, it represents exactly the sort of longer terms approach I want to cultivate within my department and across the wider government." In his report, Cridland recommended bringing the change to state...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

PA360: Crucial advisers can spot all vulnerability characteristics

PA360: Crucial advisers can spot all vulnerability characteristics

‘It is highly likely people in decumulation will have a vulnerability’

Hope Coumbe
clock 26 April 2024 • 1 min read
Inflation shocks driving another long uptick in annuity sales

Inflation shocks driving another long uptick in annuity sales

‘Customers should be careful that this is the right decision for them’

Hope Coumbe
clock 23 April 2024 • 1 min read
Advisers warn market volatility will threaten retirement plans

Advisers warn market volatility will threaten retirement plans

More than half expect clients to postpone or change plans

Isabel Baxter
clock 26 March 2024 • 2 min read