Work and Pensions Secretary Mel Stride is reportedly expected to announce today that the proposed increase in the pension age to 68 will be delayed till 2024.
In recent weeks other reports have said the plan to bring forward the rise could be pushed back until after the next general election, due to concerns about a backlash from middle-aged voters.
Chancellor Jeremy Hunt told MPs last week that ‘fiscal sustainability’ would play a key role in the decision. 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.
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