Public finances boosted by £5.1bn a year by rise in women's state pension age

James Phillips
clock • 3 min read

Movements to equalise the state pension age (SPA) between men and women have led to more than £5bn of extra money for the government, latest analysis reveals.

Increasing the SPA for women from 60 to 63 between 2010 and 2016 means the government is now saving £4.2bn per year on state pension and other related benefit costs, the Institute for Fiscal Studie...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Industry

News Digest: UK pension funds stand by defence exclusion in 'ethical' funds

News Digest: UK pension funds stand by defence exclusion in 'ethical' funds

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 10 March 2025 • 1 min read
IWD 2025: Women in the pensions industry

IWD 2025: Women in the pensions industry

PP talks to women about their pensions careers, advice, and experience of the industry

Jasmine Urquhart
clock 07 March 2025 • 9 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

First firms complete dashboard connection, Abrdn DB surplus plans, Capita annual results

Professional Pensions
clock 07 March 2025 • 1 min read
Trustpilot