Spending Review: State pension age will hit 66 by 2020

clock

The state pension age will reach 66 by 2020, as part of the Spending Review.

The Department of Work and Pensions will make the change in a bid to save £5bn every year by the end of the next Parliament. Under Labour, the state pension age was to rise to 66 in 2026, 67 in ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Regulation

Salary sacrifice scheme changes to 'put millions at risk'

Salary sacrifice scheme changes to 'put millions at risk'

ABI says two in five will save less into their pension if chancellor caps scheme

Jasmine Urquhart
clock 13 November 2025 • 1 min read
Industry calls for further clarification on new TPR enforcement strategy

Industry calls for further clarification on new TPR enforcement strategy

Industry positive but says more detail needed in a number of areas

Jasmine Urquhart
clock 10 November 2025 • 2 min read
DCIF launches report to help pension schemes adopt the 'S' in ESG

DCIF launches report to help pension schemes adopt the 'S' in ESG

Paper explores how schemes can better incorporate social factors in investment strategies

Jasmine Urquhart
clock 05 November 2025 • 4 min read
Trustpilot