UK to review raising state pension age beyond 67 to address rising life expectancy.

Chancellor Rachel Reeves has announced a review to consider raising the state pension age to ensure its sustainability and affordability for future generations. The state pension age is currently 66 and will rise to 67 by 2028. This review, set to report in March 2029, will examine factors such as life expectancy increases and their impact on the pension system. The review is led by Dr. Suzy Morrissey and will include data from the Government Actuary's Department on life expectancy projections. The aim is to maintain a balance between the rising life expectancy and the financial viability of the pension system.