Movements to equalise the state pension age (SPA) between men and women have led to more than £5bn of extra money for the government, latest analysis reveals.
Plans to raise the state pension age (SPA) to 68 seven years ahead of schedule by 2039 has been welcomed by the industry as a necessary move to reflect rising life expectancy and keep costs affordable.
The government has confirmed it will raise the state pension age (SPA) to 68 between 2037 and 2039, seven years ahead of the date range originally planned.
The new work and pensions minister David Gauke has laid into past governments who "tinkered around the edges" with pensions policy.
The Conservative Party has abandoned dropping the triple lock on the state pension in order to secure a confidence and supply deal with the Democratic Unionist Party (DUP).
The hung parliament means planned measures to mitigate scams will be kicked down the road, the industry has told PP.
A "period of stability" for the state pension age is needed and so the government should postpone any increase decision, the union Prospect has said.
The UK has awoken to shock news that the Conservative Party has failed to secure an overall majority, leaving the future government hanging somewhat in the balance.
Changes to pension policy must be viewed "through the lens of intergenerational fairness" by a future government, the Institute and Faculty of Actuaries (IFoA) has argued.
A $224trn (£174.2trn) combined deficit could hit the six largest pension systems if action is not taken now to address longevity risk, the World Economic Forum (WEF) has warned.