Minister hints at renewed plans to increase state pension age

In line with Cridland report

Hannah Godfrey
clock • 2 min read

Secretary of state for the Department for Work and Pensions David Gauke has hinted at plans to increase the state pension age in line with John Cridland's calculations in his latest review.

Speaking at the Association of British Insurers' long term savings conference, the DWP chief said the government must consider well thought out measures based on "solid evidence" when looking at the repercussions of increased life expectancy on future generations. He said: "I welcome the contributions of John Cridland and the government's actuary department on the future of state pension age, it represents exactly the sort of longer terms approach I want to cultivate within my department and across the wider government." In his report, Cridland recommended bringing the change to state...

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 Retirement

Advisers concerned about regulatory scrutiny in decumulation phase

Advisers concerned about regulatory scrutiny in decumulation phase

Retirement planning ‘dominates’ client advice requests

Isabel Baxter
clock 27 November 2024 • 3 min read
Advisers call for new products to tackle retirement planning challenges

Advisers call for new products to tackle retirement planning challenges

Retirement products ‘don’t meet modern needs’

Isabel Baxter
clock 25 November 2024 • 3 min read
How advisers can play a role in boosting wellbeing in retirement

How advisers can play a role in boosting wellbeing in retirement

A happy retirement is the 'north star'

Cecilia Furner
clock 08 November 2024 • 3 min read