{"id":536246,"date":"2026-07-11T11:38:08","date_gmt":"2026-07-11T11:38:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/536246\/"},"modified":"2026-07-11T11:38:08","modified_gmt":"2026-07-11T11:38:08","slug":"older-workers-will-need-more-benefits-as-state-pension-age-rises-warn-mps","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/536246\/","title":{"rendered":"Older workers will need more benefits as state pension age rises, warn MPs"},"content":{"rendered":"<p>Andrea Barry, at the Centre for Ageing Better, a charity, warned that the Government \u201cshould have been prepared\u201d for the effects of the rise in the state pension age.<\/p>\n<p>She added that more needed to be done to ensure that the mid-60s was not a period of heightened financial precariousness for growing numbers of older people.<\/p>\n<p>Ms Barry said: \u201cAt present, too many people are left to sink or swim by themselves as they approach state pension age.\u201d<\/p>\n<p>The warning from MPs came after a report by the Institute for Fiscal Studies found that the poverty rate for 65-year-olds climbed from 10pc to 24pc after the state pension age was increased to 66 in 2020.<\/p>\n<p>The committee warned that the financial effects of increasing the state pension age to 67 could be even more damaging.<\/p>\n<p>A spokesman for the Department for Work and Pensions said: \u201cWe welcome the work and pensions select committee inquiry on the transition to state pension age and will consider their report and recommendations in due course.\u201d<\/p>\n<p>The spokesman said that as of February only 0.02pc of Universal Credit claimants were aged 65 or 66.\u00a0<\/p>\n<p>They added that the Pensions Commission was searching for ways to boost retirement savings after its interim report found that almost half of working-age Britons were not <a class=\"ck-custom-link\" href=\"https:\/\/www.telegraph.co.uk\/money\/pensions\/financial-planning\/how-much-pension-comfortable-retirement\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">saving for retirement<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Andrea Barry, at the Centre for Ageing Better, a charity, warned that the Government \u201cshould have been prepared\u201d&hellip;\n","protected":false},"author":2,"featured_media":536247,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[14736,114,184,268,85,46,266,267,688,2865,1003,18123],"class_list":["post-536246","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-benefit","tag-business","tag-economy","tag-finance","tag-il","tag-israel","tag-personal-finance","tag-personalfinance","tag-retirement","tag-standard","tag-state-pension","tag-uk-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/536246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=536246"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/536246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/536247"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=536246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=536246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=536246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}