🔴 theipaper understands Work and Pensions Secretary Mel Stride will confirm the Government intends to delay legislation to increase the pension age amid stagnating life expectancy
are expected to be delayed by ministers.
Work and Pensions Secretary Mel Stride is to update MPs on a statutory review looking into whether the age at which someone can claimage amid stagnating life expectancy. The retirement age is currently due to rise gradually to 68 between 2044 and 2046 but the statutory review was tasked with considering proposals to bring that change to as early as 2037.decision is understood to have caused tensions between the Treasury and the Department for Work and PensionsChancellor Jeremy Hunt told MPs last week that “fiscal sustainability” would play a key role in the decision.
But there were concerns among some Tory MPs that doing so would be politically very controversial before the next election. It would also have been hard to justify given life expectancy projections have fallen since the last state pension review was published, in 2017, which recommended the Government consider bringing the age increase forward.is related to the impact of Covid-19 on the older population, DWP sources have argued the data simply does not back up raising the retirement age. Doing so, insiders say, would therefore be hard to justify.
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