Overview

• Work and Pensions Secretary Liz Kendall has initiated a statutory review of the state pension age four years early and reinstated the Pensions Commission under Baroness Jeannie Drake.
• The review will examine whether the pension age of 66 remains appropriate against life expectancy trends, with recommendations slated for 2027.
• The triple lock mechanism is explicitly out of scope, as the government has committed to uphold it throughout this Parliament.
• Department for Work and Pensions analysis shows that 45 percent of working-age adults are not saving into a pension, heightening concerns over future pensioner poverty.
• Experts at the Institute for Fiscal Studies warn that maintaining the triple lock could require raising the state pension age to 69 by 2049 and to 74 by 2069 to keep costs sustainable.