PENSION SHOCK FOR MILLIONS: Government urged to come clean over retirement age rise
Mr Webb, director of policy at the financial mutual Royal London, said: “If the Government is planning to force tens of millions of people to work to 68, 69 or even 70, then it should be transparent about its plans.
“This would be a huge shift and should be properly debated, not buried in a technical document seen only by specialists.”
Experts estimate the plans could save the Treasury about £240billion by slicing around £8,000 off a state pension entitlement.
As part of the pension age review under way by former CBI chief John Cridland, the Department for Work and Pensions approached the Government Actuary.