Government's plans to raise pension age by 2039 'blown out of the water' - LCP

Life expectancy trends changing

Julia Bahr
clock • 2 min read

Twenty million adults could be in line for "state pension age reprieve" as life expectancy improvements "collapsed" even before the pandemic, according to an analysis of population projections by consultants LCP.

The firm's calculations suggested the government's current plans to raise state pension age to 67 by 2028 and age 68 by 2039 have been "blown out of the water". Sir Steve Webb, partner at LCP and former pensions minister, said: "This analysis shows that current plans to increase the state pension age to 67 by 2028 need to be revisited as a matter of urgency.  Pension ages for men and women reached 66 only last year, and there is now no case for yet another increase so soon. If the government sticks to its policy of linking state pension age to life expectancy, there would now be no ca...

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