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One expert recently said the state pension age increase would have to be accelerated due to financial worries for the Government.

Steven Cameron, pensions director at Aegon, said: “The Government will shortly publish findings of its review into state pension age.

“There’s a strong likelihood that on affordability grounds, this will have to increase beyond age 67, earlier than currently planned.”

An acceleration of a state pension age hike could help to save the Government billions of pounds.