State pension age rise to happen sooner

Chancellor George Osborne will announce in Thursday's Autumn Statement - a precursor to next year's Budget - that the date when people must be 68 to draw a state pension could be brought forward by about 15 years to the mid-2030s. The SPA could rise again, to 69, by the late 2040s, the government said in a statement. People currently in their 20s may have to work until their 70 before they are eligible for a state pension, experts claim. The changes reflect increasing life expectancy. The government had already announced the SPA would increase to 66 by 2020 and 67 by 2028 but, wher...