Age UK: Pension age rise every five years

The age at which pensions are paid out could rise automatically as a result of greater life expectancy, The Times said.

The Government does not want to "revisit this issue year by year" according to a Department for Work and Pensions (DWP) 'insider' quoted in the newspaper.

A DWP spokesman has called the report "speculation".

The comments came after controversial plans to extend the pension age were unveiled by Work and Pensions Secretary Iain Duncan Smith.

Read full press release here

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