Increase SPA to 70 by 2046; cut spending by £20bn - PwC

clock

The only way to reduce UK public debt to pre-crisis levels is to increase state pension age to 70 by 2046 and implement a further £20bn of spending cuts, PwC says.

In a paper published ahead of the Office for Budget Responsibility's first detailed report on long-term UK fiscal sustainability, which is due next week, analysis by PwC revealed if current policie...

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

Half of savers have never considered raising contributions, PLSA finds

Half of savers have never considered raising contributions, PLSA finds

PLSA research finds just 27% would commit to increases if they got a pay rise

Holly Roach
clock 14 January 2025 • 2 min read
UK Pensions Awards 2025: Just over one week left to enter!

UK Pensions Awards 2025: Just over one week left to enter!

This year’s awards will be held on 12 June at The Brewery in London

Professional Pensions
clock 14 January 2025 • 4 min read
News Digest: Pension managers urge UK to ditch 'megafund' scale test

News Digest: Pension managers urge UK to ditch 'megafund' scale test

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

Professional Pensions
clock 14 January 2025 • 1 min read
Trustpilot