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

Why trustees should let sponsors take the lead on VAT recovery

Why trustees should let sponsors take the lead on VAT recovery

Matthew Swynnerton says trustees should not be pressured to explore theoretical solutions

Matthew Swynnerton
clock 17 September 2026 • 3 min read
DWP launches consultation on implementing small pots default consolidator solution

DWP launches consultation on implementing small pots default consolidator solution

Government aims to have small pot consolidation operational from 2030

Jonathan Stapleton
clock 15 September 2026 • 2 min read
Pensions UK: Schemes should not be asked to keep paying for a broken levy

Pensions UK: Schemes should not be asked to keep paying for a broken levy

Zoe Alexander says general levy proposals impose unfair costs on schemes

Zoe Alexander
clock 15 September 2026 • 5 min read
Trustpilot