The Government has announced a change in its plans for the State Pension Age, delaying it by a year for six million people.
The plans will increase the State Pension Age to 68 for people currently aged between 39 and 47. The change will be phased in between 2037 and 2039, seven years early that had previously been proposed.
The Government believes the change will reduce the cost of the State Pension by £74 billion by 2045/46.
In an announcement today, David Gauke, the Secretary of State for Work and Pensions, confirmed that ...