State pension age rise decision pushed until after general election

UK needs 'proper debate on the future of the state pension'

Jenna Brown
clock • 4 min read

The government’s plan to accelerate the increase to the state pension age (SPA) has been postponed with a decision now due after the next general election.

Work and pensions secretary Mel Stride today (30 March) confirmed there would be no change to the current legislative schedule for increases. The SPA is currently 66 and is set to increase to 67 by 2028 and 68 by 2046. It had previously been reported that ministers were discussing whether to accelerate the rise to 68, however, those plans have been dropped. The decision comes as the Department for Work and Pensions (DWP) published two supporting reports - an independent review by Baroness Neville Rolfe and the Government's Actuary's report. The DWP said a fresh review would take pl...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Compulsion and choice: Lessons from the Aussie pension system

Compulsion and choice: Lessons from the Aussie pension system

In his latest article for Professional Adviser, Roger Brosch explores what the ‘super’ Down Under means for pensions up here

Roger Brosch
clock 10 July 2024 • 4 min read
Whichever political party wins on 4 July pensions need reform

Whichever political party wins on 4 July pensions need reform

A more bold and ambitious vision will be required

Jonathan Hawkins
clock 02 July 2024 • 5 min read
Why it's time to shout louder about third-party pension contributions

Why it's time to shout louder about third-party pension contributions

Despite all the noise around pensions, engagement is still deafeningly silent

Laura Barnes
clock 02 July 2024 • 4 min read