George Osborne’s Autumn Statement yesterday announced further detail of the state pension age framework which forms part of the Pensions Bill going through Parliament at present, setting out the guiding principle the Government believes should underpin the framework. The principle is that people should expect to spend, on average, up to a third of their adult life in receipt of the state pension. Details of how the principle might work have been published by the Department for Work and Pensions in a note. Essentially, the Government wants a regular and more structured way of considering increases to the state pension…
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