Industry lambasts normal minimum pensions age change as final consultation closes

Hope William-Smith
clock • 3 min read

The industry has criticised the government’s planned increase of the normal minimum pension age (NMPA) ahead of the close of HM Treasury’s consultation on its confirmation tomorrow.

Under plans outlined by the Treasury in February, savers will have to be 57 to access their retirement funds from 2028 - two years later than the current eligible age. In laying down the proposa...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Industry split on need for lifetime savings commission

Industry split on need for lifetime savings commission

PP survey finds no clear agreement on whether a commission is required

Martin Richmond
clock 18 April 2024 • 3 min read
PPF could play 'crucial' role as public consolidator but some 'not convinced on merits'

PPF could play 'crucial' role as public consolidator but some 'not convinced on merits'

Government’s DB options consultation sparks concern among sector

Holly Roach
clock 18 April 2024 • 7 min read
Rising Star Awards 2024: Nominations open!

Rising Star Awards 2024: Nominations open!

Recognising and celebrating the pension industry’s rising stars

Professional Pensions
clock 18 April 2024 • 2 min read
Trustpilot