State pension age increase delayed by Government

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State pension age increase delayed by Government
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The change would see the state pension age rise to 68

Work and Pensions Secretary Mel Stride said he agreed the planned increase in the state pension age from 66 to 67 should occur between 2026 and 2028, noting this has been legislated for since 2014.

This review would assess various factors including life expectancy and public finances. The next election is expected to take place in 2024. He added: “Given the level of uncertainty about the data on life expectancy, labour markets and the public finances, and the significance of these decisions on the lives of millions of people, I am mindful a different decision might be appropriate once these factors are clearer.

He said: “Today’s announcement that they are not going ahead with accelerating the state pension age is welcome, and it is the right one.

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