The Department for Work and Pensions (DWP) has confirmed that the outcome of the review of the State Pension age will be published by May 2023. The review will consider a wide range of evidence, including findings from two independent reports, to assess whether the rules about State Pension age remain “appropriate”.
Earlier this year, DWP launched the second review of the State Pension age, which is now 66 for both men and women across the UK. State Pension age is regularly reviewed to make sure that it is affordable and fair as people are living longer and spending a greater proportion of their adult life in retirement than in the past.
The UK Government has already confirmed that it is committed to implementing the Triple Lock in the usual way for 2023/24 and the remainder of the Parliament. This will ensure that State Pensions payments in line with whichever is highest out of earnings, inflation or 2.5%.
