Spending review: SPA acceleration could boost private pots

Jenna Towler
clock

The accelerated increase in state pension age announced today could result in higher private pensions if members delay scheduled retirement, Standard Life says.

As part of the Comprehensive Spending Review, the government said the state pension age would rise to 66 by 2020. Women's SPA is currently scheduled to increase from 60 to 65 between 2010 and 20...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

TPR data shows 15% drop in number of DC schemes as market 'radically reshapes'

TPR data shows 15% drop in number of DC schemes as market 'radically reshapes'

Regulator says number of DC schemes fell to 920 in 2024 while memberships grew to over 30 million

Holly Roach
clock 04 March 2025 • 4 min read
Buzz: Should the pensions dashboards project be delayed?

Buzz: Should the pensions dashboards project be delayed?

Pensions dashboards, Gen Z retirement planning and innovations in BPA market

Professional Pensions
clock 04 March 2025 • 1 min read
Abrdn sets out plans to unlock 'significant' DB surplus to fund DC plan

Abrdn sets out plans to unlock 'significant' DB surplus to fund DC plan

Agreement enables the firm’s DC contributions to be funded from the DB surplus

Holly Roach
clock 04 March 2025 • 2 min read
Trustpilot