Increase SPA to 70 by 2046; cut spending by £20bn - PwC

clock

The only way to reduce UK public debt to pre-crisis levels is to increase state pension age to 70 by 2046 and implement a further £20bn of spending cuts, PwC says.

In a paper published ahead of the Office for Budget Responsibility's first detailed report on long-term UK fiscal sustainability, which is due next week, analysis by PwC revealed if current policie...

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 trusteeship has become the governance 'default'

Professional trusteeship has become the governance 'default'

LCP report shows professional trustees oversee £1trn of DB scheme assets

Martin Richmond
clock 17 September 2026 • 4 min read
Pension Insurance Corporation posts half-year results

Pension Insurance Corporation posts half-year results

Insurer’s adjusted operating profit before tax grew to £528m in the first half of the year

Holly Roach
clock 17 September 2026 • 2 min read
WPC launches inquiry into auto-enrolment

WPC launches inquiry into auto-enrolment

Committee is asking whether minimum contributions need to rise

Holly Roach
clock 17 September 2026 • 2 min read
Trustpilot