State pension age increases inevitable despite recent reprieve

Now is a good time to pay attention to state pension top ups

clock • 2 min read

The government’s decision to pause its accelerated increase to the state pension age (SPA) maybe welcome news in the short-term but is likely to be revisited in the future, advisers have said.

Last week, it was reported that the government had rethought its decision to increase the SPA at a faster pace due to a plateau in life expectancy across the country and a fear over voter backlash. The SPA, currently 66, is set to rise to 68 from 2044, however, it was suggested earlier this year that the rise would be brought forward to 2035 with an announcement due in May. However, this has not been put on hold. Advisers told PA they believed it was not the last the industry would hear on the matter. Chapters Financial director and Chartered financial planner Keith Churchouse said...

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