There has recently been widespread speculation about an announcement on the State Pension age in the March Budget. A phased increase in state pension age from 66 to 67 by 2028, and eventually 68, is already planned, but there have been suggestions the increase to 68 could be brought forward.
The Department for Work and Pensions (DWP) said in January that no decision had been taken on changes to the State Pension age and a review is currently considering whether the rules around State Pension age remain appropriate. John Cridland, who previously carried out an independent review of the State Pension age in 2017, gave evidence to the Work and Pensions Committee alongside government actuary Martin Clarke on Thursday.
Mr Gridland told the cross-party panel of MPs that he had not been actively involved in the debate since the review but reiterated the view from his 2017 report that the Triple Lock needs to be reviewed to ensure it remains inter-generationally fair.
