Changes from the state pension age review will address intergenerational fairness, including an age adjustment mechanism.
Dr. Suzy Morrissey, leading the review and deputy director at the Pensions Policy Institute, discussed the review at Pensions UK's annual conference in Manchester.
“This has been part of previous independent reviews. It’s not part of the [this] one.”
The Department for Work and Pensions requested consideration of fairness between generations and the role of the state pension age in managing long-term sustainability.
The review will not recommend a state pension age rise, as per the Department's request.
Author's summary: Review considers automatic state pension age adjustment.