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Government to conduct early review into state pension age
UNITED KINGDOM, JUL 21 – Labour's review will assess pension age sustainability amid rising life expectancy and a £15.5 billion annual cost from the triple lock, with findings expected by 2027.
- In west London, Work and Pensions Secretary Liz Kendall announced an early review of the state pension age, marking an expedited policy check.
- Legislation mandates a six-year review of the state pension age, and the Labour Party government is conducting an early assessment after concluding the last in 2023.
- DWP data shows 45% of working-age adults contribute nothing to their pensions, revealing a widening savings gap, and highlighting the need for reform.
- `Put simply, unless we act, tomorrow’s pensioners will be poorer than today’s`, Work and Pensions Secretary Liz Kendall said, because Labour is reviving the Pension Commission as the `job is not yet done`.
- Future assessment must report by March 2029, while government ministers say the review will deliver findings by that date.
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Lessons for the government’s 'revived' Pensions Commission
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State pension age could rise to 74 amid warning of UK 'tsunami of OAP poverty' - The Mirror
A revived commission will try to get agreement on how to tackle how to get people to boost their pensions savings - but the state pension age is also being looked at again
·London, United Kingdom
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Total News Sources79
Leaning Left10Leaning Right4Center43Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 18%
C 75%
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