Pension freedom age to rise to 57
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The government has confirmed it will increase in the age at which people can access their pension to 57 in 2028, from currently 55.
It had previously indicated that the age at which pensions can be accessed would go up, but there had not been any legislation around this.
It had previously indicated that the age at which pensions can be accessed would go up, but there had not been any legislation around this.
The change will be particularly impactful on those who were due to reach their 55th birthday just after the cut off in 2028, said pensions director at provider Aegon, Steven Cameron.
“It’s now imperative that both government and industry make sure this change is clear to all those saving in pensions. We can’t afford a repeat of the government communication gaps which left many women to find out too late that their state pension age was increasing from 60 to 65,” he added.
