Workplace Pensions

(asked on 26th October 2021) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what plans they have consult with industry on the practicalities of implementing the proposed protection regime for increasing the normal minimum pension age to 57 in April 2028.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 9th November 2021

In February 2021 the government reconfirmed that normal minimum pension age (NMPA) will rise to 57 in 2028 (as announced in 2014) and published a consultation on the implementation of the increase and a proposed protection regime. That consultation received 117 responses. The government published draft legislation in July. Throughout these consultations the government has been in regular dialogue with a wide variety of stakeholders about the proposals, including the design of the protection regime and the interplay between the implementation of the Normal Minimum Pension Age and the impact on other policy initiatives. We are considering these responses and representations carefully and will publish full details of the protection regime in due course.

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