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

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 Law and Regulation

Budget 25: HMRC announces modifications to incoming IHT regime

Budget 25: HMRC announces modifications to incoming IHT regime

Industry welcomes change but warns blocking powers for executors could cause delays

Jonathan Stapleton
clock 27 November 2025 • 2 min read
Budget 25: Government to allow DB schemes to pay surplus funds directly to members

Budget 25: Government to allow DB schemes to pay surplus funds directly to members

Measure will make it easier for trustees and employers to agree surplus extraction

Jonathan Stapleton
clock 27 November 2025 • 3 min read
Budget 25: Rachel Reeves limits salary sacrifice pension contributions to £2,000

Budget 25: Rachel Reeves limits salary sacrifice pension contributions to £2,000

Measure will come into force from April 2029

Jonathan Stapleton
clock 26 November 2025 • 8 min read
Trustpilot