DWP Might Accelerate State Pension Age Increase, Impacting Millions
Friday, March 13, 2026
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The Department for Work and Pensions (DWP) is considering the possibility of bringing forward the planned increase in the state pension age, posing a significant impact on future retirees. Currently, the state pension age is rising from 66 to 67 between 2023 and 2028, as set by the Labour government.
However, experts now warn that the next scheduled increase to age 68, originally set for 2044-2046, could be implemented sooner. Craig Rickman, personal finance editor at Interactive Investor, explained on the On The Money podcast that previous official reports have recommended accelerating the pension age rise to help safeguard the long-term sustainability of the state pension system.