by Thomas Quinn on Oct 3, 2020
Est. Reading time 2 min
The UK government have announced the minimum pension age is to rise from 55 to 57.
The new legislation has been discussed since 2014 when the idea was tabled leaving many in the industry wondering if or when this will come back around. Last month however, this was confirmed in a parliamentary meeting, citing the new rules will start in 2028 and that these rules are 'reflecting trends in longevity and encouraging individuals to remain in work, while also helping to ensure pension savings provide for later life.