Delay to State Pension Age rise a positive step for future pensioners

The Pensions and Lifetime Savings Association (PLSA) comments on the reports that the Government has delayed plans to raise the state pension age to 68.

Nigel Peaple, Director of Policy & Advocacy at the PLSA, said; “If it’s true that the Government has decided to not bring forward the date at which the State Pension Age will rise to 68, it is a very positive step for future pensioners because the State Pension makes up the majority of retirement income for most people. Moreover, increases in the State Pension Age fall disproportionately on people with lower incomes who generally have poorer longevity.”