Spending review: SPA acceleration could boost private pots

Jenna Towler
clock

The accelerated increase in state pension age announced today could result in higher private pensions if members delay scheduled retirement, Standard Life says.

As part of the Comprehensive Spending Review, the government said the state pension age would rise to 66 by 2020. Women's SPA is currently scheduled to increase from 60 to 65 between 2010 and 20...

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 Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Festina Finance enters UK pensions admin market, Schroders scheme invests in LTAF and £900m bulk annuity deal

Professional Pensions
clock 27 June 2025 • 1 min read
News Digest: PCS announces six weeks of strikes at Civil Service Pension Scheme administrator MyCSP

News Digest: PCS announces six weeks of strikes at Civil Service Pension Scheme administrator MyCSP

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 27 June 2025 • 1 min read
Renting in retirement halves chances of reaching minimum living standard

Renting in retirement halves chances of reaching minimum living standard

Having to pay housing costs in retirement reduces chances of minimum RLS to 43%

Martin Richmond
clock 24 June 2025 • 3 min read
Trustpilot