Plans to raise pension age by 2039 'blown out of the water'

Life expectancy trends changing, warns Lane Clark & Peacock

Julia Bahr
clock • 2 min read
"If the government sticks to its policy of linking state pension age to life expectancy , there would now be no case for raising pension age from 66 to 67 until 2051 - twenty three years later than currently planned, according to LCP.
Image:

"If the government sticks to its policy of linking state pension age to life expectancy , there would now be no case for raising pension age from 66 to 67 until 2051 - twenty three years later than currently planned, according to LCP.

Twenty million adults could be in line for "state pension age reprieve" as life expectancy improvements "collapsed" even before the pandemic, according to an analysis of population projections by consultants LCP.

The firm's calculations suggested the government's current plans to raise state pension age to 67 by 2028 and age 68 by 2039 have been "blown out of the water". Sir Steve Webb, partner at LCP an...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

TPO orders trustees to repay more than £5m to members of three schemes

TPO orders trustees to repay more than £5m to members of three schemes

Investigation finds scheme trustees had engaged in pension liberation arrangement

Martin Richmond
clock 29 November 2024 • 2 min read
SPP: Build it and they will come? Considering the case for multi-employer CDC

SPP: Build it and they will come? Considering the case for multi-employer CDC

John Wilson asks if sponsoring employers are ready to make the move to CDC

John Wilson
clock 26 November 2024 • 3 min read
Budget IHT move a 'major adverse change' to the tax treatment of UK schemes

Budget IHT move a 'major adverse change' to the tax treatment of UK schemes

Fieldfisher calls for clarification over scope of death benefits subject to new regime

Jonathan Stapleton
clock 31 October 2024 • 2 min read
Trustpilot