State pension age hike speeded up

Secretary of state for work and pensions Iain Duncan Smith and pensions minister Steve Webb launched a consultation on the changes this morning. Webb said: "We need to move fast on 66, we have said it will not be before 2016 but we need to get moving. "Now is not the time for fiddling round the edges. This is not an easy decision, and raises many issues that need to be considered." Duncan Smith said it was important to concentrate on realising a state retirement age of 66 as a first step. He played down reports the pension age would eventually hit 70 and said it was crucial peop...