The NAPF recognises the need to establish a state pension system which is sustainable in the long term. Trends in longevity mean the costs of providing the state pension will rise in the future ... Accelerating the rate at which the State Pension Age (SPA) will increase is one way to contain the cost of providing the state pension. The NAPF believes the Government must consider the impact these changes will have both on individuals and their retirement savings plans and also pension schemes whose benefits are also linked to state pensions.

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