Increase in state pension age delivers £11bn savings for govt - Aegon

Sophie King
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"Hopefully these increases will not come as a shock and will have been communicated better than to the WASPI women who saw their state pension age increase by five or more years" - Aegon's Steven Cameron
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"Hopefully these increases will not come as a shock and will have been communicated better than to the WASPI women who saw their state pension age increase by five or more years" - Aegon's Steven Cameron

Increases to the state pension age are set to save the government billions of pounds each year due to the fact almost 700,000 people will have to wait longer before benefitting, according to analysis undertaken by Aegon.

Around 670,000 people each year will now have to wait longer before benefitting, which could see the government save some £11bn a year in state pension payments. These savings may well be needed to fund...

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