An industry expert has warned that the state pension age may need to rise to 80 without dramatic reforms, amid concerns the nationwide bill will be “completely unaffordable” as life expectancy increases.
The UK’s state pension age is set to increase from 66 to 67 between 2026 and 2028. There is a further increase to 68 lined up for 2046 but this is widely expected to be brought forward significantly, with a wider pensions review underway.
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