John Cridland CBE and the Government Actuary’s Department release reports into the future State Pension age

23 Mar 2017 10:58 AM

Two reports have been published today that will help inform the government’s review of the State Pension age which is due in May 2017.

The John Cridland report looked at the key issues that drive State Pension age changes including, but not limited to:

The Government Actuary’s Department (GAD) was asked to consider 2 alternative scenarios for the State Pension age, reflecting an adult in receipt of the State Pension for either 32% or 33.3% of their projected adult life in retirement. To do this it used figures drawn from life expectancy projections from the Office for National Statistics.

In his report, which will be considered before any decision is made on changes to the State Pension age timetable after 2028, Mr Cridland makes a number of recommendations including:

Meanwhile, the Government Actuary’s Department report concludes that:

No new changes to State Pension age will come into effect before 2028 and the government is committed to maintaining a State Pension that is fair for all generations and helps to provide for the cost of living in retirement. Part of this commitment to fairness includes providing 10 years’ notice of any changes to the State Pensions age.

Read the reports: