On 11 February 2021 the government launched a consultation on raising the normal minimum pension age (NMPA) to 57. For those of us with long memories in the pensions world this is nothing new, in fact the coalition government (remember that) announced back in 2014 that it would be appropriate that the NMPA retains its ten-year gap to the state pension age. It was even consulted on then as part of a pension freedoms consultation.
The government had announced they were making the change to 57 from 2028 but no legislation followed. The consultation follows on from the government’s announcement last year that they were in fact going to legislate to make the change.
From April 2028 the normal minimum pension age will move to 57 for those that are not protected which is the main considerations in the paper.
The government’s position remains that it is, in principle, appropriate for the NMPA to remain around 10 years under state pension age, although the government does not intend to link NMPA rises automatically to state pension age increases at this time.