The Government has appointed John Cridland CBE to lead an independent review of the state pension age.
The 2014 Pensions Act introduced a requirement for the state pension age to be reviewed in each Parliament, taking into account changes in life expectancy and the sustainability of the system.
Cridland, a former director general of the CBI, will submit recommendations to the Secretary of State for Work and Pensions Iain Duncan Smith in time to allow the Government to consider changes by May 2017.
The review will consider a range of evidence including whether the current method of linking a single state pension age with life expectancy is appropriate.
However, the review will not cover the existing state pension age timetable up to April 2028.
Cridland is also chairman of the Board of Transport for the North and was on the Low Pay Commission for 10 years.
Pensions minister Ros Altmann says: “[Cridland] has made an impressive contribution to both Government policy and business throughout his career and is well placed to report on this issue. I am confident that he will produce a thorough, carefully considered, wide-ranging review of this issue which affects the lives of millions of people.
“As our society changes it is only right that we continue to review State Pension ages and take into account the relevant factors to make sure that the State Pension is sustainable and affordable for future generations.”
Cridland says: “I look forward to meeting many stakeholders, hearing the views of experts and the experience of organisations working in this area to help shape the review. I know how important this issue is, and will consider all the evidence to ensure that we have a State Pension age fit for the future.”