It plans to raise the earliest age from which pension benefits can normally be taken from age 55 to age 57 from 2028. This follows a previous government announcement in 2014 that such a change would be made.

At this stage, no detail is known about how this change will be made in law and whether there will be any impact on the age when existing members can take their benefits. 

We will monitor developments on this and provide you with further information when it is available.