Britons will have to wait longer to receive a state pension under a government plan that will see future increases in pension age linked to fast-rising life expectancy.
George Osborne, chancellor, had made an automatic review of the state pension age in line with longevity the price of his support for a move to a new, flat-rate pension intended to reduce reliance on means-tested benefits and help the lower paid.
The plan is designed to ease the burden on the exchequer of supporting growing numbers of elderly people, but it will turn a spotlight on politically sensitive differences in the number of years people can expect to live in good health.
Suggested For You
SUBSCRIBE AND FOLLOW
Get top stories and blog posts emailed to me each day. Newsletters may offer personalized content or advertisements.Learn more