State pension age warning as ‘strong likelihood’ rises will continue past 68 – ‘struggle!’

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As a result, Aegon is calling for a different approach to the state pension age, one which is arguably more flexible.

The organisation argues individuals should be provided with more choice over when they can start claiming. 

With some individuals heavily reliant on the state pension, it has been submitted allowing an earlier, reduced amount could leave retirement income below the current threshold. 

Mr Cameron cited the concept of state pension delay, and added: “While individuals can already choose to defer their state pension in return for a higher monthly payment, there’s no flexibility to start it from a younger age. 

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