Declining life expectancy could 'put brakes on' state pension age increases

SPA review launched

Ayesha Venkataraman
clock • 3 min read

The second review of state pension age (SPA) has been launched by the government, which will consider whether the increase to age 68 should be brought forward to 2037-39 from the current plan of a gradual rise to 68 between 2044 and 2046 for those born on or after April 1977.

The review will consider a wide range of evidence, including life expectancy data, which has been negatively impacted by the coronavirus pandemic. Life expectancy across most regions in the UK slowed for males and females between 2018-2020, according to Office for National Statistics. Hargreaves Lansdown's Helen Morrissey highlighted the review would also consider other factors that feed into the state pension age debate. "This includes regional differences and should open the debate about healthy life expectancy - the ability to keep working - and how it varies hugely across the country...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Ex-pensions minister Ros Altmann shares 12 potential Budget pension reforms

Ex-pensions minister Ros Altmann shares 12 potential Budget pension reforms

‘Chancellor should aim to change as little as possible in the near term’

Professional Adviser
clock 14 October 2025 • 5 min read
Govt forced to respond as pension tax lock petition secures 14,000 signatures

Govt forced to respond as pension tax lock petition secures 14,000 signatures

Started by AJ Bell ahead of 26 November Budget

Jenna Brown
clock 13 October 2025 • 1 min read
Petition pushing government to protect pension tax incentives gets 3,000 signatures

Petition pushing government to protect pension tax incentives gets 3,000 signatures

AJ Bell pushes to end ‘damaging speculation’ on tax-free cash and reliefs

Jenna Brown
clock 07 October 2025 • 2 min read