Rise in pension age is 'inevitable' - papers 1st February

clock

A RISE IN the pension age is "inevitable" by 2020, John Hutton, the Work and Pensions Secretary, said last night in a dramatic intervention that highlights the looming cash crisis, reports The Scotsman .

According to the paper, his remarks in a Commons debate on the future of pensions signalled the government is seriously considering bringing forward by a decade the retirement reforms proposed by the Turner Commission. But the statement risked angering Gordon Brown, the Chancellor, who believes he should have the final say over any pensions proposals. The Chancellor was known to have concerns about the Turner report's proposals to raise the state retirement age to pay for a restoration of the link between earnings and pensions. But last night, Hutton told the Commons it was "absolu...

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 uncategorised

PA Awards 2027: Entries for all categories now open!

PA Awards 2027: Entries for all categories now open!

The 22nd Professional Adviser Awards will take place in London next March

Professional Adviser
clock 07 July 2026 • 1 min read
Two including former police officer charged in connection with £720,000 investment fraud

Two including former police officer charged in connection with £720,000 investment fraud

Due to appear at Westminster Magistrates’ Court

Sophia Panayi
clock 04 June 2026 • 1 min read
Last chance: MPS conference to explore different approaches in shifting landscape

Last chance: MPS conference to explore different approaches in shifting landscape

Takes place in London tomorrow

Professional Adviser
clock 01 June 2026 • 1 min read