Rise in state pension age 'coming down the tracks'

STATE pension reform has returned to the centre of political discussion as the nation's growing financial burdens have prompted experts to forecast that a rise in the retirement age to 70 could arrive earlier than anticipated.

- KATIE ELLIOTT

Further demands have been made for Chancellor Rachel Reeves to reassess the triple lock policy.

The state pension age currently stands at 66, scheduled to climb to 67 by 2028, with additional rises planned for subsequent decades.

Financial advisers and think tanks are advocating for swifter measures, pointing to demographic changes and escalating costs that jeopardise long-term viability.

Speaking amongst other experts to Newspage, Samuel Mather-Holgate, an independent financial adviser at Swindon-based Mather and Murray Financial, said: "The state pension system is ripe for squeezing, so an increase to the state pension age is coming down the tracks, probably to 70.

KATIE ELLIOTT [e-mail]