Government to conduct early review into state pension age

The enactment and pensions caput has announced a reappraisal of the authorities pension age.

The authorities is required to behaviour a reappraisal into the authorities pension property - presently 66 - each six years, but it appears to beryllium starting this 1 earlier arsenic the past 1 concluded successful 2023.

Giving a code successful westbound London, Liz Kendall, the enactment and pensions secretary, besides announced that she would revive the Pension Commission to see wherefore aboriginal pensioners are connected way to beryllium poorer than pensioners now.

The announcement comes pursuing warnings from experts that radical looking to discontinue successful 2050 are connected people to person £800 per twelvemonth little than existent pensioners.

The Department for Work and Pensions (DWP) said 45% of working-age adults were putting thing into their pensions, with concerns that the outgo of surviving situation is preventing radical from investing successful their retirement.

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