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Launch of the Pensions Commission and the State Pension age Review
21 July 2025
Type
Written Ministerial Statement
Department
Department for Work and Pensions
At a Glance
Issue Summary
The statement discusses the revival of the Pensions Commission to assess the long-term future of the UK's pension system and the launch of a State Pension age review.
Action Requested
Liz Kendall announces the establishment of the Pensions Commission led by Baroness Drake, Sir Ian Cheshire, and Professor Nick Pearce, and appoints Dr Suzy Morrissey to conduct an Independent Report on factors for determining State Pension age. The Terms of Reference are attached and available online.
Key Facts
- The last Labour government halved pensioner poverty through measures like Pension Credit.
- Automatic Enrolment ensures over 10 million people benefit from workplace pensions.
- By the 2070s, the number of pensioners is expected to increase by over 50% while the working age population will grow by only over 10%.
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Assessment & feedback
Summary accuracy