Financial warning issued over 'unjustifiable' state pension age delay

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Financial warning issued over 'unjustifiable' state pension age delay
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Financial warning issued over 'unjustifiable' state pension age delay with 'UK citizens at risk'

However, instead of scrapping the pension age in the face of delayed rises in life expectancy, the work and pensions secretary, Mel Stride, said a review will take place in the future where a decision will then be made. It is understood that a decision will be made in 2026 after the general election.

Sir Steve Webb, a former pensions minister who is now a partner at consultants LCP said: "It is welcome that the Government has taken account of the big slowdown in life expectancies in recent years and has held off any further increases in state pension ages for now. But there is a sting in the tail in the analysis which the government has published today.

Writing on Twitter, user Robinson said: "Raising the pension age to 68 is unjustifiable and puts the retirement security of the UK's citizens at risk. This move disproportionately affects those in manual labour jobs who are unable to work until that age. It's time to prioritize the needs of our aging population."

"She worked hard until she was 69 and suddenly died at 71. People who work hard should NOT have to work their whole bloody lives. It's cruel."

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