New state pension warning to anyone aged over 49 over 'retirement age increase'

NewsCost Of LivingState pensionMajor change to state pension age outlined in new report21:09, 18 Jul 2026A new report saying the state pension age needs to rise seven years earlier has prompted a warning about unprepared workers. This week's report from the Office for Budget Responsibility - OBR - sets out the need for the state pension age to rise to 68 in 2037 instead of 2044.‌Being seven years earlier than currently planned, this would affect people currently aged 49 and millions of people would face an extra year in work under the plans. It has led to concerns that some, unready for the change, may not have enough savings for their retirement.‌In its report, the OBR says the ‘current policy’ is to move the rise forward by seven years and that the Treasury has confirmed the decision, de