US EditionDWP State Pension Age Could Go up to 70 as New Report Looks at Aging Population
Experts warn physically demanding workers could face challenges if retirement age rises to 70; population aged 75+ projected to grow to over 10% by 2032, raising financial pressures.
- Liz Kendall commissioned a review that could raise the United Kingdom State Pension age to 70, with it currently at 66 and set to rise to 67 next year.
- ONS projections indicate the number of people at state pension age will rise from 12.0 million to 13.7 million by mid-2032, with spending increasing from 4.6% to 6.3% of GDP by 2055–56.
- Active Careers identified carers, warehouse workers, tree surgeons, miners, roofers, scaffolders, fishermen, and agricultural workers as hardest hit; heavy manual jobs may face gaps before accessing pensions.
- The Rail, Maritime and Transport union warned a pension age rise would spark protests and direct action, while unions and campaigners said people unable to work due to ill health face longer reliance on lower benefits.
- Barnett Waddingham's stress test found the state pension age could reach 74 under the ONS central projection and push toward 80 by around 2070, while Jack Carmichael notes life expectancy growth has slowed in recent years.
14 Articles
14 Articles
Keighley News
DWP State Pension age could go up to 70 as new report looks at aging population
Unions are threatening 'co-ordinated direct action' as government report looks at increasing the state pension age for millions of workers
The careers most likely to be affected if the state pension age rises to 70
Those who work physically demanding jobs are the most likely to be affected if the state pension age is raised to 70, experts have warned, as they could have to stay in employment longer than previously expected or retire with less income.Carers, warehouse workers, tree surgeons, miners, roofers, scaffolders, fishermen, and agricultural workers are amongst those who could be hit the hardest if Labour went ahead with plans to tie future increases…
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