Budget 2012: State pension age to be linked with longevity

The government will commit to ensuring the state pension age is increased in future to take into account increases in longevity.

It will also publish proposals at the same time as the Office for Budget Responsibility’s (OBR) 2012 Fiscal sustainability report this summer.

According to Chancellor George Osborne in the 2012 Budget report, this action is being taken to tackle long-term fiscal challenges associated with an ageing population.

Read more articles on the 2012 Budget report