Hike in retirement age to 68 abandoned

Plans to increase the pension age to 68 in 2034, more than 10 years earlier than envisaged, have been dropped as government assesses impact of drop in life expectancy

The current retirement age is 66 and is due to increase to 67 by 2028, and the government has been reviewing an extension to 68 by bringing forward the proposed 2046 introduction date to the early 2030s. However, it now appears that the plans have been shelved, according to reports in the Financial Times.

An official review is due to be published by the Department for Work and Pensions by 7 May.

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