Govt to link public sector retirement age to SPA

Chief Secretary to the Treasury Danny Alexander (pictured) is due to confirm the change - which will not affect the army, police or fire service - in a speech on Friday. It is one of many recommendations on public sector reform made by Lord Hutton which is expected to be given state backing. Alexander will also confirm the government will protect low paid workers from an average pension contribution increase of 3.2%. About 15% - earning less than £15,000 - will not have to pay anything extra into their pension pots, while those earning less than £18,000 will face a capped increase ...